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mBank Business Credit Funds $7.5MM Line of Credit for an Ohio Auto Supplier

October 25, 2018, 09:00 AM
Filed Under: Automotive
Related: Automotive, MBank

An Ohio based automotive stamper was looking for a new lender that understood their industry and was interested in their future plans for the business.  mBank senior management personally visited the client at their plant and reviewed their plans and met with all management.  mBank then presented the company with a customized financial package that met their needs. The loan closed in late September.    

mBank Business Credit is the Asset Based Lending Division of mBank and provides lines of credit up to $10,000,000 for companies in transition due to rapid growth, acquisition, recapitalization, or in turnaround.  

About Mackinac Financial Corporation and mBank ?Headquartered in Manistique, Michigan, mBank is the principal subsidiary of Mackinac Financial Corporation whose common stock is traded on the NASDAQ stock market as “MFNC.”  With assets in excess of $1.3 billion, the community bank empowers individuals and small- to medium-sized businesses with smart financing and depository solutions for peace of mind.  For more information visit: 


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