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Mackinac Commercial Credit Funds $750,000 ABL Credit Line

April 23, 2015, 07:29 AM
Filed Under: Environmental Services

A South Carolina-based environmental firm was closing out the start- up phase of their business plan.

While sales were ramping up significantly, they did not have the history to find a traditional bank to fund their growth. MCC management was introduced to the firm, met with management and reviewed their extensive growth plans. MCC provided this dynamic firm a funding platform to help them reach the next level in their development. We expect the line to grow as they hit their targets and eventually transition to a traditional bank structure. Meanwhile Mackinac Commercial Credit is performing a crucial role for this firm in helping it reach its growth goals.

Mackinac is a national lender that provides asset-based loan lines of credit up to $4 million for companies in transition due to rapid growth, acquisition, lack of capital, or in turnaround. MCC is a wholly owned subsidiary of Mackinac Financial Corporation with representation in Chicago, Dallas, and Detroit.

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