Maxim Commercial Capital
Maxim Commercial Capital Funded Nearly 300 Businesses in 2Q 2018
Hard-asset secured lender solved liquidity issues for diverse borrowers
LOS ANGELES, CALIF. – July 18, 2018 – Maxim Commercial Capital is pleased to announce it provided hard-asset secured financing to 293 small and mid-sized businesses (SMBs) during the second quarter of 2018. 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.
Second quarter transactions included: the seventh financing in five years for a tow truck company; a $1.2 million growth capital financing secured by a condominium in New York City for a music and film licensing company; truck financing for owner-operators across the nation, including start-ups; and, the third renewal on a $2.35 million second lien mortgage behind a $3.9 million first lien on a $12 million home in the Hollywood Hills, Calif.
“We were very happy with our loan volume growth and portfolio performance during the second quarter,” said Michael Kianmahd, executive vice president at Maxim. “Our hard asset-secured lending programs are increasingly popular as SMBs who fail to meet traditional lenders’ strict underwriting guidelines pursue growth opportunities.”
Throughout its 10-year history, Maxim has collaborated with premier commercial loan brokers throughout the nation to solve liquidity problems for SMBs. Gary M. Gary, president of Smart Discount Lending, LLC recently noted, “As a commercial loan broker, I look for the best programs for my customers. After over 20 other banks turned down a recent client, Maxim stepped up and funded the deal. It was an outstanding experience! I look forward to doing more business with Maxim.”
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 under leveraged 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.