New Hires/Promotions in the Leasing Business
and Related Industries

Emma Burke was promoted to Audit Supervisor, RSM US LLPk, Chicago, Illinois. She is located in New York, New York. She joined RSM October, 2021, Associate Accountant, promoted Senior Audit Associate (August, 2023 - August, 2025). Previously, she was Operations Intern, First American
 Equipment Finance (June, 2019 - August, 2019).
https://www.linkedin.com/in/emmaburke13/

Molly MacIsaac Coleman was promoted to Chief Administrative Officer & General Counsel, BriteCap Financial, LLC, Las Vegas, Nevada.  She is located in Los Angeles County, California. Previously, she was Adjunct Professor, Loyola Law School (August, 2002 - May, 2008); Corporate Lawyer, Brobeck, Phleger & Harrison (acquired by Macisaac, Kewus & Bockius LLP) August, 2000 - May, 2003); IP and Entertainment Lawyer (Irell * Manella (February, 1998 - March, 2000); Law Clerk, The Honorable Joseph M. McLauglin, the U.S. Court of Appeals for the Second Circuit (August, 1996 - February, 1998).
https://www.linkedin.com/in/molly-macisaac-coleman-2988336/

Michael Haddad was hired as President, Southstar Capital, LLC, Dallas, Texas, where he is also located. Previously, he was President, Commercial Finance, Axiom Bank, N.A. (July, 2022 - February, 2025); President, Capital Finance, Webster Bank (February, 2022 - June, 2022); President, Capital Finance, Sterling National Bank (March, 2018 - February, 2022); Division President, Sterling National Bank (April, 2016 - February, 2022). Full Bio:
https://www.linkedin.com/in/michael-haddad-a266626/details/experience/
https://www.linkedin.com/in/michael-haddad-a266626

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##### Press Release #######################

Maxim Commercial Capital Fills Capital Void in Q2 2025
Alternative lender fueled growth for start-ups
and subprime business owners

LOS ANGELES, CALIF.– Maxim Commercial Capital (“Maxim”) announced strong results financing used equipment purchases during the second quarter of 2025, despite price volatility and economic uncertainty caused by looming tariffs. Maxim is a national provider of loans and leases from $10,000 to $3 million collateralized by class 6 and 8 trucks, trailers, construction and agricultural heavy equipment, and real estate.

Michael Kianmahd, Maxim’s CEO, explained, “Our mission to empower underserved small and mid-sized businesses (SMBs) nationwide with essential capital has remained constant throughout Maxim’s 17-year history, during all types of economic cycles.

“As an independently owned and operated alternative lender, we adapt to market conditions real-time for the benefit of our customers and partners by leveraging deep asset expertise, innovative risk management technology, and exceptional service.”

Over-the-road OTR) used truck vendors, their customers, and finance brokers were challenged during the quarter by premium pricing on lower mileage trucks and few funding resources for start-ups and subprime buyers. Maxim consistently delivered financing to B to D-rated-owner operators. Funded deals during the period included a $36K 2019 Freightliner Cascadia with 574K miles for 27% down for an experienced owner operator with a 669 FICO and limited credit history; a $60K 2021 Peterbilt 579 with 397K miles for 30% down for a start-up driver with limited credit history; and, a $49K 2022 Kenworth T680 with 498K miles for 29% down for an experienced subprime owner operator with a 580 FICO.

Maxim’s unique Structured Finance program remains popular among finance brokers whose customers own their homes or heavy equipment. These entrepreneurs may qualify for growth capital, short term debt refinancing, or up to 100% heavy equipment purchase financing by pledging their underleveraged home or owned equipment as collateral. As an example, a 20-year-old waste management company in New York with four trucks and a pending $1.0MM contract wanted to purchase a $200K 2022 Isuzu FTR Diamond Truck outfitted for trash bin cleaning. Traditional lenders turned down the borrowers due to negative cash flow over the prior two years, despite strong credit and contracts. Maxim helped fuel their goals with 100% purchase financing secured by a first lien on the newly purchased truck and the business owners’ home.

Learn more about Maxim’s mission, goals and 17-year history by listening to Michael Kianmahd’s interview on Consult Disrupts Fireside Chats with Jesse. Consult Disrupt is a leading equipment industry consultant led by equipment finance expert Jesse Johnson.

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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The Coleman Report: Top 100 SBA 7(a) Lenders
Live Oak Bank Exceeds $2 Billion in FY 2025
By Bob Coleman, Coleman Report

Today's Main Street Monday features the Coleman Report's top 100 SBA 7(a) lender list for the first ten months of fiscal year 2025.

Live Oak Bank has already set a record in loan volume for a fiscal year, reaching $2.2 billion. This makes them the second lender to pass the two billion dollar threshold, following Newtek, which was number one last year with $2.1 billion.

Full List click here

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Leasing and Finance  Help Wanted
Balboa Capital
We Are Growing Our Senior Sales Team Now

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Weekly Sales Tip for Financing/Leasing Originators
By Scott Wheeler, CLFP

Competitive Edge

In the commercial equipment finance and leasing industry, top originators distinguish themselves by possessing a deep understanding of their market position. They are acutely aware of both their own strengths and weaknesses, as well as those of their competitors. In today’s rapidly evolving landscape—where capabilities across organizations are shifting—this awareness becomes even more critical. Staying attuned to changes in competitors’ offerings empowers originators to adapt and refine their strategies in real-time.

The most compelling opportunities in the current environment are being seized by originators who actively monitor their competition and boldly flaunt their unique advantages. These professionals leverage their market positioning to articulate how their approach stands apart, driving greater visibility and transaction volume.

Some of the most effective questions originators can ask themselves include:

• What is my competitive advantage?
• How has that advantage evolved recently?
• What daily actions do I take to make it known?

In a market undergoing continuous transformation, the ability to clearly define and communicate one’s competitive edge is paramount. Top originators engage proactively, positioning themselves assertively to outpace rivals. They promote their strengths with intention and consistency—attracting clients, winning deals, and funding more transactions through deliberate alignment of capabilities and market insight.

Scott A. Wheeler, CLFP
Wheeler Business Consulting
1314 Marquis Ct.
Fallston, Maryland 21047
Phone: 410 877 0428
Fax: 410 877 8161

Email: scott@wheelerbusinessconsulting.com
Web: www.wheelerbusinessconsulting.com 
Wheeler Business Consulting is working with individual originators and sales teams throughout the industry to ensure that they are well positioned in the market, capturing their fair share of business, and outperforming the competition. To schedule a one-on-one meeting contact Scott Wheeler at: scott@wheelerbusinessconsulting.com

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APR Programs Are Widely Available on the Internet
Search Annual Percentage Rate Programs

Today, the most popular calculator software is TValue, available online or software for your computer or smartphone: https://www.timevalue.com/tvalue-products

You can also purchase the calculator to put on your website by going to: https://www.timevalue.com/tcalc-financial-calculators
There are other financial portals and calculation tools, such as:

www.Bankrate.com
www.Kiplinger.com

Kabbage, OnDeck, plus Term Loan APR Calculator  
https://www.nav.com/business-loan-calculators/merchant-cash-advance-apr-calculator/
(Upper left on site below, plus add below site to your website)

Source:
https://www.nav.com/business-loan-calculators/merchant-cash-advance-apr-calculator/

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Key Takeaways

• Re-imagining the entire employed American workforce as 100 people shows us that between 2002 and 2024:
• Office & Administrative roles shrank the most, slipping from 18 to 12 workers as automation replaced routine clerical tasks.
• Manufacturing continued its decades-long slide, falling from 8 to 6 workers.

Two decades ago, nearly one in five American workers answered phones, filed paperwork, or managed calendars.

Today, that figure has fallen sharply.

News Briefs

Crucial exemption allows majority of Canadian and
    Mexican goods to be shipped to US without tariffs
https://www.mercurynews.com/2025/08/05/trump-canada-mexico-trade-explainer/

Tesla Inc. approved an interim stock award worth about
    $30 billion for Chief Executive Officer Elon Musk.
https://www.mercurynews.com/2025/08/04/tesla-gives-musk-30-billion-award-saying-deal-is-a-deal/

As financial woes mount, colleges are starting
    to cut majors
https://www.bostonglobe.com/2025/07/30/business/universities-financial-struggle-majors/

Electric Air Taxi Company Plans to Acquire
    a Helicopter Business
https://www.nytimes.com/2025/08/04/business/joby-blade-electric-air-taxi.html

China trade fight
    weakens Matson earnings
https://www.freightwaves.com/news/china-trade-fight-weakens-matson-earnings?oly_enc_id=7354E3969723H7B

2025’s Most
    Pet-Friendly Cities
https://wallethub.com/edu/most-pet-friendly-cities/5562

Trump wants to stop banks from de-banking conservatives
    and crypto. Here’s what to know.
https://www.washingtonpost.com/business/2025/08/05/trump-de-banking-conservatives/

VOA director fired after declining reassignment
    to low-level post
https://www.washingtonpost.com/business/2025/08/04/voa-abramowitz-kari-lake/

The New York Post is launching a
    California edition. Why?
https://www.washingtonpost.com/business/2025/08/04/california-post-new-york-post-rupert-murdoch/

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Operational Value Creation: The Collaboration Between
 PE Operating Partners and Lender Monitoring Teams
    A New Era of Partnership Between Functions.
By Lisa Rafter, Publisher ABFJournal, Monitor Magazine
https://www.abfjournal.com/operational-value-creation-the-collaboration-between-pe-operating-partners-and-lender-monitoring-teams

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Sports Briefs---

 

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California News Briefs---

How Fast Do You Need to Go in San Francisco   to be
   Caught by Speed Camera?
https://www.sfgate.com/bayarea/article/sf-s-speed-cameras-now-issuing-real-tickets-20798597.php

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Gimme that Wine

 

http://www.youtube.com/watch?v=EJnQoi8DSE8

Tap Trifecta: The Wine Group Expands Keg Program, Develops  New ProtocolThe Wine Group scales their
 on-premise program  with stainless steel kegs from Free   
   Flow Wines to meet     rapidly expanding demand for
      still and sparkling wines
      by Bryan Avila
https://www.winebusiness.com/wbm/article/305543

August Marks Family Winemakers Month    
 Statewide campaign urges support for independent
   wineries amid shifting consumer trends and
     economic headwinds
https://www.winebusiness.com/news/article/306378

A New Way to Wine This Summer: Ramón Bilbao's
  Early Harvest Line Refreshes the Season
https://www.winebusiness.com/news/article/306357
http://www.youtube.com/watch?v=EJnQoi8DSE8

Sonoma County winegrowers and vintners explore
a 'Wine Improvement District'
https://norcalpublicmedia.org/2025073198766/news-feed/sonoma-county-winegrowers-and-vintners-explore-a-wine-improvement-district

Former Google executive David Drummond buys Reeve
Wines in Healdsburg and Martha Stoumen Wines
        in Sebastopol
https://www.sfchronicle.com/food/wine/article/reeve-martha-stoumen-sold-20794968.php