The Commercial Finance division of Pathward announced a $15 million asset-based line of credit facility to an LED lighting, headrest, and counterweight manufacturer company in Michigan. The financing provides the company with the funding to replace its existing line of credit and to accommodate anticipated growth along with a $1.15 million machinery and equipment term loan to replace its existing term loan.

Pathward’s Commercial Finance products include working capital, equipment financing, insurance premium financing and structured financing, which includes both conventional as well as government guaranteed lending. With representatives across the country and a Canadian foreign representative office, Pathward helps industries nationwide such as transportation, manufacturing, staffing, alternative energy, insurance agencies and technology.