Daily News: April 24, 2015

MCC Funds ABL Credit Line

Mackinac Commercial Credit announced it funded an ABL credit line for an environmental firm.

The South Carolina-based firm was closing out the start-up phase of its business plan. While sales were ramping up significantly, the company did not have the history to find a traditional bank to fund their growth.

MCC management was introduced to the firm, met with management and reviewed their extensive growth plans, and provided a funding platform to help the company reach the next level of development.