Daily News: April 30, 2014

Mackinac funds $1.5MM Credit Line for Nano-Tech Merger

Mackinac Commercial Credit will assist an Ohio-based nano-technology firm in completing a merger, providing a $1.5 million line of credit.

The Mackinac team met with management and paid off the firm’s previous bank and provided the firm with increased liquidity and a more feasible lending arrangement during the firm’s period of expansion.

Mackinac provides ABL lines of credit up to $4,000,000 for companies in transition due to rapid growth, acquisition, lack of capital, or in turnaround.