Mackinac Commercial Credit was called in to help an Ohio-based electrical supplies distributor. The company had received an SBA loan when the new owners purchased it several years ago, but it lacked the working capital needed to support growth.

Mackinac worked with the owners, their consultant and the SBA lender to create a working capital line of credit which will help the firm fill orders. The line is expected to grow as it continues to expand its footprint in the Ohio market.

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.