Maxim Commercial Capital announced that it funded over 200 deals for small business owners in the second quarter of 2017. The financings enabled business owners across a wide-range of industries to complete high-profit projects, fund working capital, expand their businesses and purchase equipment. Maxim provides financing in amounts up to $2,500,000, secured by equipment and real estate, to small and mid-sized businesses located nationwide.

“We are proud to be able to provide essential financing to hard-working business owners who lack the capital they need to achieve their goals,” said Michael Kianmahd, vice president at Maxim.  “We work quickly to understand each of our borrowers’ needs, roll up our sleeves to understand their assets, then structure a loan that helps them meet their targets.”  

Transactions Maxim closed in 2Q 2017 include a $600,000 loan to a high-net worth entrepreneur in Kentucky, secured by second liens on commercial real estate and a first lien on an undeveloped retail site, enabling him to complete a project on time and realize a meaningful profit; a $50,000 equipment-secured loan to a chili pepper farmer in New Mexico for seasonal liquidity; and, a $100,000 loan to a furniture glass importer/wholesaler in Los Angeles, secured by a box truck and second lien on residential real estate, to expand inventory. 

As a national leader in transportation equipment finance, Maxim consistently finances up to 75% of the purchase price for owner-operators acquiring used class 8 trucks and reefer trailers. During the second quarter of 2017, Maxim provided proposals as quickly as within two hours of application submission, and funded borrowers as quickly as within two days.