Daily News: February 12, 2015

Mackinac Commercial Credit Funds ABL Line of Credit

Mackinac Commercial Credit announced that an Ohio-based commodity products distributor obtained a $1 million ABL line of credit.

The company was in need of a more flexible lending solution. Mackinac was able to step in quickly and offered them a revolving asset-based loan on their accounts receivable. The loan funded in eight days after the field exam was completed.