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Mackinac Commercial Credit Funds $2MM ABL Credit Line

January 12, 2015, 07:29 AM
Filed Under: Legal

A Michigan-based legal support services company obtained a $2 million asset-based line of credit to support its dynamic sales growth. The firm's community bank could not keep up with the rapid growth rate the company was experiencing. A trusted advisor called Mackinac into the deal and after an assessment of management and the collateral, a new loan was put into place in three weeks that paid off the bank and provided the necessary liquidity to allow the firm to continue its growth.

Mackinac Commercial Credit is a wholly owned subsidiary of Mackinac Financial Corporation [and is a national asset-based lender providing lines of credit up to $4 million with representation in Chicago, Dallas, and Detroit.

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