FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / Press Releases / Read Press Release


Mackinac Commercial Credit Funds $1MM ABL Credit Line

December 03, 2015, 07:04 AM

Recently an Ohio-based non-profit firm was in need of a working capital line of credit to replace the existing facility they had with a regional bank. Mackinac Commercial Credit (MCC) met with their management team to learn more about them. MCC was impressed with the long standing service, roots and tradition they hold in their community. Upon review, MCC was able to furnish a funding platform that provided the financial backing the non-profit needed to continue with future growth plans.

Mackinac Commercial Credit is the asset-based lending division of mBank and provides lines of credit up to $5 million for companies in transition due to rapid growth, acquisition, lack of capital, or in turnaround.

Headquartered in Manistique, MI, mBank is the principal subsidiary of Mackinac Financial Corporation. With assets in excess of $750 million, the community bank empowers individuals and small- to medium-sized businesses with smart financing and depository solutions for peace of mind.

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.