Daily News: January 12, 2015

Mackinac Commercial Credit Funds $2MM ABL Credit Line

Mackinac Commercial Credit provided a Michigan-based legal support services company a $2 million ABL line of credit to support there 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.