The Submission
  • $44,000 Walking Floor trailer for commodities hauler
  • 562 CBR Score
  • Backed by lien on 2005 Peterbilt 379EX tractor & 2003 IMCO Walking Floor trailer
  • Customer currently 90 days past due on mortgage
  • $4,400 Broker commission 
  The Simple Solution This customer came to Maxim looking for a 2002 Western Belt Walking Floor Trailer.  His credit was shot from a 2 year mortgage modification that he was still negotiating with his bank.  His home ownership status was not an issue for Maxim since the customer had enough qualifying additional collateral assets to back the $44,000 equipment acquisition.  A perfect fit for our app only program, the total collateral in the deal–including the trailer being funded–valued out at twice the $44K funding amount.  And, because all of the equipment in the deal was titled, we were able to inspect the additional collateral and fund in under a week.   The Summary Maxim’s App Only Asset-Backed Business Financing program is a quick and easy way to get your challenging customers the essential equipment they need!