Maxim Commercial Capital provided financing to more than 200 small and mid-sized businesses (SMBs) in 30 states during Q3/17. Borrowers used the hard asset-secured funds for wide-ranging purposes including refinancing high cost debt, working capital to grow their business, equipment purchases and to resolve tax liens and other credit-damaging liabilities.

Maxim provides financing in amounts up to $3 million secured by equipment and real estate, to SMBs located nationwide.

“Clearly, SMB owners are underserved by traditional lenders,” said Michael Kianmahd, executive vice president at Maxim. “We listen to their stories, digging deep to understand their longer term capital needs and fixed assets in order to structure a financing solution that helps them seize opportunities while reducing day-to-day stress.”

During the third quarter, Maxim helped dozes of entrepreneurs with start-up and growth capital. Maxim also helped long-standing businesses overcome acute cash flow problems by refinancing MCA and other short term, high interest rate loans with term loans. These borrowers span industries including construction, IT/software consulting, beauty care retailing and auto dealerships.

Maxim finances up to 75% of the purchase price for owner-operators acquiring used class 8 trucks and reefer trailers. To meet the needs of its national customer-base, Maxim recently expanded its business hours.

“Our Los Angeles-based team starts at 7:00 a.m. Pacific time to serve our partners in the Eastern and Central time zones,” noted Shervin Rashti, executive vice president at Maxim. “We work diligently to issue proposals within two hours of application submission, and fund as quickly as within two days.”