Maxim Commercial Capital announced that it solved liquidity problems for 872 small and mid-sized businesses (SMBs) in every state except Alaska during 2017. Maxim’s borrowers applied the fresh capital for purposes including equipment purchases, refinancing high-cost debt and working capital for business expansion. Maxim provides financing in amounts up to $3,000,000 secured by heavy equipment and real estate, including second and third liens on residential, multifamily and commercial properties.

“It’s rewarding to partner with hard-working, passionate SMB owners to finance their companies’ growth with well-structured capital solutions,” said Michael Kianmahd, executive vice president at Maxim. “We are grateful for the many business loan brokers and truck dealers throughout the U.S. who are our ambassadors, always thinking of Maxim for their non-bankable borrowers.”

Additionally, to support its growing roster of borrowers and referral sources, Maxim’s team grew to 26 members in 2017.