Daily News: July 21, 2014

Mackinac Commercial Credit Closes $3.6MM in June

Mackinac Commercial Credit announced it closed the following transactions in June:

  • A Michigan-based manufacturer of polyethylene products funded a $2.5 million ABL credit line supported by A/R and inventory
  • An Ohio-based metals distributor funded a $600,000 A/R ledgered credit line
  • An Ohio-based manufacturer of poly composite materials funded a $500,000 factoring facility to be converted over to an ABL line shortly.