Maxim Commercial Capital expanded its target market during Q3/22 by launching an enhanced risk-based scoring system for its Truck Financing Program, resulting in lower down payments for owner operators with better credit. Maxim’s Structured Finance Program may qualify buyers with sufficient real estate equity or other collateral for 100% purchase financing.

“Vendors and loan brokers across the nation have responded positively to our new credit tiering system for truck purchases,” Ryan Selway, director of vendor relations of Maxim Commercial, said. “Today’s economy is causing banks to be more cautious, turning down certain buyers with strong credit. Our new risk-based scoring model makes us even more competitive to fund these deals.”

Recently funded transactions under the revised program include:

• A 2018 Freightliner Cascadia purchased for $81,600 with 20% down by an experienced California owner-operator
• A 2018 Freightliner Cascadia Day Cab purchased for $79,250 with 28% down by a start-up owner-operator in Maryland with a dedicated Amazon route
• A 2017 Freightliner Cascadia purchased for $79,170 with 31% down by a start-up with marginal credit

Maxim continued to close structured real estate secured transactions during Q3 2022, helping entrepreneurs grow their businesses and consolidate expensive short-term debt.

“Leading indicators for our business remain strong, equipment prices are normalizing, and we constantly adapt to the market to ensure we are the best possible resource for our referral partners and customers,” Michael Kianmahd, EVP of Maxim Commercial, said. “While we see a mixed macroeconomic future, we continue to plan for the unexpected and are well-prepared for an unpredictable future.”