- 1Maxim welcomed Lyndon Elam as Chief Operating Officer in Q3 2025.
- 2The lender funds $10,000 to $3 million loans and leases secured by trucks, equipment and real estate.
- 3Maxim says it also helps borrowers consolidate MCA debt against owned equipment and real estate.
Maxim Commercial Capital, a Los Angeles-based lender, said on October 13, 2025 that it kept funding deals through the third quarter despite an industry-wide slowdown in originations. The company also added Lyndon Elam as Chief Operating Officer.
Maxim's loans and leases range from $10,000 to $3 million and are backed by class 6 and 8 trucks, trailers, heavy construction and agricultural equipment, and real estate. It targets underserved segments, including startups and borrowers with challenged credit.
CEO Michael Kianmahd said the team stayed on course to structure and fund deals under difficult economic and market conditions, and kept rolling out technology tools to improve performance.
Used trucks and trailers
Maxim saw a steady flow of applications for over-the-road used truck and trailer financing. Strong demand kept used truck prices steady, while many lenders pulled back, leaving vendors and buyers looking for dependable financing. Funded deals included:
- A $45,000 2020 Kenworth T680 with 528,000 miles, 26% down, for a subprime startup owner-operator with a 621 FICO.
- A $48,000 2020 Kenworth T680 with 501,000 miles, 25% down, for an experienced subprime owner-operator with a 581 FICO.
- A $23,000 2020 Utility dry van for an existing customer with challenged credit, 25% down.
Maxim also finances vocational trucks such as tow and dump trucks, and says it helps borrowers consolidate costly MCA debt by lending against owned heavy equipment and real estate.
Creative structures
As equipment lease rates rose during the quarter, some borrowers with strong contracts applied to buy rather than lease. Maxim reported 60% purchase financing for a newer, fast-growing construction company buying a $40,000 2025 Equipter RB4000. Traditional lenders had declined the owner, citing a 681 FICO, a newly opened $60,000 auto loan and $25,000 in student debt. Another startup owner, with a 541 FICO and a discharged 2018 bankruptcy, got a $106,000 2020 Mack Granite 104BR dump truck for 34% down.
Elam said he joined because of Maxim's flexible approach with equipment vendors, brokers and borrowers. He said the team optimizes structures, for example by asking about excess equipment or real estate collateral to improve advance rates, and that this produces high approval-to-submission rates.
More about the company is at maximcc.com.
Source reporting: deBanked.
