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Bank of Ann Arbor ABL Group Closes $4.5MM Line of Credit with Consumer Products Packager

May 31, 2024, 07:39 AM
Filed Under: Packaging

An Illinois based consumer products packager needed a new lender. Their previous lender was purchased by a large regional bank and the relationship had soured. To complicate matters there was a tight time frame to close the deal. The Bank of Ann Arbor was able to close the transaction within 35 days of a signed proposal letter. The collateral included A/R, Inventory, equipment, and real estate.

The firm chose The Bank of Ann Arbor's Asset Based Lending group as it provided their answer both for short term funding and as a bridge to a long-term relationship as a Bank of Ann Arbor client.







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