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Mackinac Commercial Credit Funds $1.5MM ABL Line of Credit

May 20, 2014, 07:16 AM
Filed Under: Technology

An Ohio based nano-technology firm was trying to complete a merger and was not getting the service they expected from their current bank relationship. Mackinac Commercial Credit was called in by their trusted advisor to take a look.

The Mackinac team met with management, heard their expansion plans, and turned around a proposal letter quickly. Mackinac ended up paying off the bank and providing the firm with more liquidity and a more flexible lending arrangement during this period of expansion for the firm. The Firm felt that dealing with a true asset based lender during this period of expansion was the right choice.

Mackinac provides asset-based lines of credit up to $4 million for companies in transition due to rapid growth, acquisition, lack of capital, or in turnaround.

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