Daily News: May 20, 2014

Mackinac Commercial Credit Funds ABL for Tech Firm

Mackinac Commercial Credit announced it provided a $1.5 million ABL credit line for an Ohio-based nano-technology firm. The company was trying to complete a merger and was not getting the service it expected from its current bank relationship.

Mackinac ended up paying off the bank and providing the firm with more liquidity and a more flexible lending arrangement during this period of expansion for the firm.