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Mackinac Commercial Credit Funds Factoring Facility to Metals Distributor

June 18, 2014, 06:48 AM
Filed Under: Distribution

An Ohio-based metals distributor was in a tough spot with its bank relationship.  They needed a new lender to take out the bank quickly.  Payroll was on the line and time was of the essence.  Mackinac Commercial Credit’s experienced team was able to pay off the bank and provide the client extra availability to help them move forward with their business.

While Mackinac is primarily an asset-based lender, we can provide factoring in a pinch when time is not on the side of the borrower. Now that the immediate problem is solved, MCC will move forward with a traditional ABL line of credit for the client.

Mackinac Commercial Credit lends from $200,000 to $4,000,000 nationally with representation in Chicago, Dallas, New Jersey and Detroit.

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