Maxim Commercial Capital, a provider of loans and leases from $10,000 to $3 million collateralized by Class 6 and 8 trucks, trailers, heavy equipment and real estate, provided equipment purchase and cash out financings in 31 states during Q1/24.
“We are deeply committed to serving our clients and referral partners with breadth and depth,” Michael Kianmahd, CEO of Maxim Commercial Capital, said. “Maxim excels at providing essential financing to borrowers who don’t fit traditional lenders’ guidelines. We continuously invest in analytical tools and processes to understand how best to support their needs.”
Maxim Commercial Capital’s transactions included financing for:
- A startup owner operator with good credit to buy a 2018 Freightliner Cascadia 125 with 597,000 miles for 20% down on $44,235
- An experienced owner operator with challenged credit to buy a 2019 Kenworth T680 with 433,000 miles for 23% down on $38,000
- An owner operator with challenged credit to buy a 2018 Freightliner Cascadia 126 with 466,000 miles for 25% down on $45,386
Maxim Commercial Capital’s fundings during Q1/24 included:
- A $25,000 sale leaseback of a 100% owned 2014 Freightliner Cascadia Tri-Axle Dump Truck so a start-up serving the commercial hauling and construction industries could expand business
- 60% financing for a New Jersey-based buyer with a prior bankruptcy to buy a 2023 Case TR310B Skid Steer
- 50% financing for an Arizona-based contractor to purchase a 2024 Brazos 40’ Pit Boss Belly Dump to haul dirt and gravel
