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Mackinac Commercial Credit Announces Three Recent Deals

July 15, 2014, 07:36 AM

Mackinac Commercial Credit closed three transactions in June totaling $3.6 million. Details of the deals include:

  • A Michigan based manufacturer of polyethylene products funded a $2,500,000 ABL line of credit supported by accounts receivable and inventory.
  • An Ohio based metals distributor funded a $600,000 A/R ledgered line of credit. 
  • An Ohio based manufacturer of poly composite materials funded a $500,000 factoring facility to be converted over to an ABL line shortly. 

Mackinac Commercial Credit is a national asset-based lender that funds loans up to $4 million with representation in Chicago, Dallas, New Jersey and Detroit. 

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