Mackinac Commercial Credit closed three transactions in June totaling $3.6 million. Details of the deals include:
- A Michigan based manufacturer of polyethylene products funded a $2,500,000 ABL line of credit supported by accounts receivable and inventory.
- An Ohio based metals distributor funded a $600,000 A/R ledgered line of credit.
- An Ohio based manufacturer of poly composite materials funded a $500,000 factoring facility to be converted over to an ABL line shortly.
Mackinac Commercial Credit is a national asset-based lender that funds loans up to $4 million with representation in Chicago, Dallas, New Jersey and Detroit.