Maxim Commercial Capital Funded 260 Businesses in 1Q 2018
Hard-asset secured lender solved liquidity issues for diverse borrowers
LOS ANGELES, CALIF. – May 1, 2018 – Maxim Commercial Capital is pleased to announce it provided hard-asset secured financing to 260 small and mid-sized businesses (SMBs) during the first quarter of 2018. Maxim’s borrowers used the fresh capital to purchase heavy equipment, refinance high-cost debt and as working capital for business expansion. Maxim lends SMBs from $10,000 to $3,000,000 secured by heavy equipment and real estate and is a national leader in the owner-operator truck financing arena.
“The year is off to a great start for SMBs nationwide,” said Michael Kianmahd, executive vice president at Maxim. “Our borrowers are eager to pursue opportunities to grow their businesses but are frustrated by failing to meet banks’ strict credit requirements. For nearly ten years we consistently have filled this void by supporting SMB’s capital needs.”
During the first quarter, Maxim financed heavy equipment purchases for multiple construction companies and contractors with expanding businesses. Some of these transactions were zero-cash deals for the borrowers because Maxim accepted existing equipment or second or third liens on personal residences as additional collateral, a popular structure for growing companies.
About Maxim Commercial Capital
Maxim Commercial Capital helps small and mid-sized business owners seize opportunity by providing financing in amounts up to $3,000,000 secured by heavy equipment and real estate. Maxim facilitates equipment purchases, provides working capital and refinances debt for companies across all industries located nationwide. Through Maxim’s tailored financing programs, businesses unlock capital tied up in underleveraged assets, often replacing expensive credit card debt and daily working capital loans with longer term growth capital. As a leading provider of transportation equipment finance, Maxim funds up to 75% of the acquisition cost of class 8 trucks and reefer trailers for owner-operators. Learn more at www.maximcc.com or by calling 877.776.2946.
The National Equipment Finance Association (NEFA) is a nonprofit trade association created to represent the equipment leasing and finance industry throughout North America by providing a forum for personal and professional growth through Community, Education and Professionalism.