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Mackinac Commercial Credit Provides ABL to Michigan Sevice Company

June 17, 2016, 07:55 AM

A Michigan-based service business was not getting the service they expected from their current lender. In the end they were told by their lender that they were “too small” for them to handle. Mackinac Commercial Credit (MCC) was called in by a trusted advisor of the company to meet management and review their future plans. MCC was impressed with the ownership and their commitment to the business. MCC provided them a line of credit secured by A/R, inventory and equipment and allowed the facility to expand when needed.

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.

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