Daily News: March 7, 2018

mBank Provides $1.4MM L/C to Inspection Company


mBank Business Credit provided a $1.4 million asset-based line of credit on accounts receivable to an Ohio-based provider of inspection and quality services in the manufacturing sector.

The firm was looking for a more attractive financing arrangement than the one currently provided by a non-bank lender. After meeting the ownership team and hearing its plans, mBank found a way to meet its financial needs.

As the firm continues its positive progression, mBank can transition it to a more traditional bank line of credit and provide a permanent solution for the client.