Articles by Press Release

Maxim Commercial Capital Expanded Business in Q2 2023

LOS ANGELES, CALIF. (July 17, 2023) – Maxim Commercial Capital (“Maxim”) reported nearly 300% more funded deals in the second quarter of 2023 than in the prior year’s period, despite broader economic headwinds and rising interest rates. To support this rapid growth, the hard-asset secured lender hired additional team members in credit and collections. Maxim provides loans and leases from $10,000 to $3 million secured by class 6 and 8 trucks, trailers, heavy equipment, and real estate for entrepreneurs nationwide.

“Fortunately for our customer base, used truck and heavy equipment prices have returned to more reasonable levels over the past few months,” noted Behzad Kianmahd, Maxim’s Chairman and CEO. “Concurrently, we expanded our credit matrix to span from better credits to subprime and start up borrowers and lowered down payment requirements. This combination is enabling more borrowers to acquire the heavy equipment and trucks they need to serve clients.”

Truck financings during Q2 2023 included 80% purchase financing for an owner-operator with a 651 FICO to buy his first truck, a 2019 Peterbilt 579 with 475K miles, for $65,362; 76% purchase financing for a start up owner-operator with a 763 FICO to buy a 2019 Peterbilt 579 with 362k miles for $76,054; and, 75% financing for an experienced owner-operator with a 541 FICO to buy a 2018 Freightliner Cascadia with 468K miles for $65,000.

Maxim’s Real Estate Financing program continues to prove popular among borrowers who own real estate and need working capital for their businesses or cash out financing to pay down expensive liabilities. Maxim’s solution provides up to 70% combined loan-to-value financing structured as 1st, 2nd and 3rd liens, allowing the borrower to continue to benefit from pre-existing, low-cost 1st mortgages.

Real estate secured financings during the quarter included $280,000 in working capital for a start up business secured by a 2nd lien on a leased single-family home in Venice, CA. The borrower is a successful entrepreneur with multiple income sources whose financing alternatives likely would have diluted shareholder equity. Maxim also funded a $250,000 term loan for a family-owned business secured by a 2nd lien on their personal residence. The funds were used to pay off expensive MCA loans, settle delinquent taxes, and provide additional working capital.

“Our doors are wide open for business, while many other specialty lenders are pulling back from this choppy market,” said Michael Kianmahd, Maxim’s Executive Vice President. “This is made possible by our dedicated, hard-working team and our deep expertise in providing critical financing to our customer segments.”

About Maxim Commercial Capital

Maxim Commercial Capital helps small and mid-sized business owners nationwide by providing loans and leases (“financing”) from $10,000 to $3 million secured by trucks, trailers, heavy equipment, and real estate. It funds equipment purchase financings and leases, working capital, and debt consolidations. Maxim’s more creative financing structures leverage equity in real estate and owned heavy equipment to facilitate growth and preserve customers’ cash. As a leading provider of transportation equipment financing, Maxim supports startup and experienced owner-operators and non-CDL small fleet owners by funding loans and leases for class 8 and class 6 trucks, trailers, and reefers. Learn more at www.maximcc.com or by calling 877-776-2946.

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Contact:
Michael Kianmahd
Maxim Commercial Capital
michael@maximcc.com
(213) 984-2727

CFG Merchant Solutions Surpassed $1 Billion in MCA Originations in Q1 2023

CFG Merchant Solutions, LLC (“CFGMS”) has announced that in Q1 of 2023, the longstanding funder surpassed $1 billion in MCA originations. CFGMS has funded over 25,000 businesses since inception, operating across a diverse range of industries throughout the United States.

“This significant milestone occurred this year along with our successful, $20 million Corporate Notes financing placed by Brean Capital in April, 2023. CFGMS remains well-capitalized, and is funding the recent increase in working capital requests due to the regional banking crisis which has dramatically tightened underwriting and lending criteria at traditional financial institutions nationwide. CFGMS remains optimistic in the current uncertain macroeconomic environment, while seeing higher credit quality submissions and fundings.”       – Andrew Coon, CFGMS CEO

Since 2015, CFGMS has demonstrated a strong track record of asset performance and profitability. CFGMS works one-on-one with referral partners and is dedicated to customer service, user experience, and transparency. As a direct funder, CFGMS is committed to understanding the business objectives of SMBs and formulating customized capital solutions to help American companies achieve their goals. With a deep understanding of the frustration of acquiring flexible and timely financing, CFGMS uses proprietary analytics technology and common-sense underwriting to provide fast and efficient access to revenue-based working capital. CFG Merchant Solutions has one of the best reputations in the alternative funding industry and one of the highest deal approval rates.

“We are very proud of the fact that we have been able to provide over $1 billion of capital to American small businesses since our inception. Funding US small businesses is a responsibility we take very seriously. CFGMS is committed to customer service which includes a positive, transparent, and frictionless user experience for our clients. This significant accomplishment could not have been made possible without CFGMS’s strong relationships with its broker and referral partners. Our ISO’s and brokers are in a unique position to assist their merchant clients, and we work closely with them to offer flexible and creative capital solutions. As a result of this, and our commitment to best practices, CFGMS enjoys one of the best reputations in the alternative and revenue-based finance industry. We look forward to funding the next billion and beyond.”       – Bill Gallagher, CFGMS President     Recent CFGMS Updates NEW YORK, NY. March 4th, 2023 – CFG Merchant Solutions, LLC (CFGMS) successfully secured $20 million in investment-grade rated corporate note financing from a group of top-tier institutional investors based in the United States. This transaction has received a BBB rating from a well-recognized statistical ratings organization. Become a CFGMS Referral Partner, It takes less than 60 seconds to apply on the CFGMS website! Media Contact Richard Polgar Chief Financial Officer rpolgar@cfgms.com ####

eCapital Expands With Two Senior Hires

MIAMI – May 11, 2023 – eCapital Corp. (“eCapital” or “the Company”), a leading finance provider across North America and the U.K., has reinforced its commitment to delivering specialized finance solutions to small to medium-sized businesses by recently appointing two accomplished Business Development Officers (BDOs) to its team. These new hires bring a wealth of experience to eCapital, as they serve clients across a variety of industries. With a focus on delivering customized financing options, eCapital has been able to distinguish itself in the current market conditions, leading to significant momentum for the company.

The two new hires, Matthew DeBernardo, SVP, Business Development Officer, and Bret Aaron Meuschke, SVP, Business Development Officer, will be involved in managing Factoring and Asset-based Lending transactions as part of the company’s Commercial Finance division. Bringing more than 25 years of industry knowledge, the two seasoned BDOs will prioritize meeting clients’ business and financial requirements while providing exceptional customer service.

“eCapital’s sustained expansion is drawing exceptional talent, such as Matthew and Bret, to our company because of our distinct business model and advanced technology capabilities,” stated James Poston, Chief Sales Officer at eCapital Corp. “Their specialized expertise, combined with eCapital’s extensive resources, will enable us to further elevate our capacity to deliver the quick, adaptable financing options that we are renowned for. Matthew and Bret have already demonstrated impressive results in their new positions, and we are excited to see them continue to thrive as integral members of our team.”

eCapital has been a champion of SMBs for almost two decades, harnessing its profound understanding of finance solutions and its remarkable capacity to cultivate and maintain strong business relationships. By adopting a personalized approach and promoting valuable connections with clients, eCapital offers rapid and hassle-free access to working capital, empowering SMBs to thrive and succeed.

“eCapital’s reputation in the industry along with today’s economic climate made it ideal timing to join the company and support clients in getting the financing they need,” said Meuschke. “eCapital’s business model plus the strength of the team was very attractive and something special I knew I wanted to be a part of as they continue to help solve a major pain point in the market.

“eCapital takes an innovative approach to problem-solving and supporting its customers, which is even more critical now as businesses look for options outside of traditional lending,” said DeBernardo. “I’m excited to put my background in alternative lending and expertise in government contracts to work for eCapital as we continue to support and service customers across North America, quickly getting them the funding they need, when they need it.”

About eCapital Corp.

eCapital is committed to accelerating access to capital for companies in the United States, Canada, and the U.K. By leveraging a team of over 700 experts and proprietary, industry-leading technology, eCapital is creating the future of business funding. With a full suite of products such as freight factoring, invoice factoring, lines of credit, asset-based lending, payroll funding, and equipment refinancing, eCapital ensures businesses have the funds they need to do more. Through its Transportation, Staffing, Wellness, Healthcare, Factoring and ABL divisions, eCapital delivers customized funding solutions for over 80 industries. To learn more about eCapital, visit eCapital.com.

Lending Valley is Now Offering Funding Up to $5 Million

Lending Valley, based in New York City, is proud to announce that we are expanding funding options for funding up to $5 million. In the years following the global pandemic, Lending Valley helped many small businesses stay afloat, giving them the capital necessary to fund payroll, purchase materials, and keep the lights on even when patronage was at an all-time low. Now, Lending Valley will offer even larger funding to small and mid-sized businesses to keep them thriving.

Since its conception, Lending Valley has offered a wide range of business funding targeted toward supporting small businesses, including the following options:

• Unsecured business funding – No collateral needed. The business owner’s ability to repay the funding is the only thing securing the funding.
• Funding for entrepreneurs with bad credit – Unfortunately, going out on a limb for business ventures can often lead to bad credit for entrepreneurs. Traditional funding won’t consider these merchants, but Lending Valley will.
• Emergency business funding – Any emergency, personal or business, can derail even the best business plan. Short-term emergency funding can prevent long-term damage.

Businesses that have benefited from Lending Valley’s services vary widely, from the film industry to convenience stores and gas stations, cannabis farms and dairy farms, to dental practices and more. Lending Valley is a different type of funder, providing custom tailored funding options. Unlike traditional funding that can take weeks to approve and fund, Lending Valley deposits cash into the business’s account within 24 hours in most cases!

About Lending Valley

Lending Valley is a FinTech company that has already funded a lot of small businesses of all types across the U.S. For all inquiries, email Clark@lendingvalley.com