mBank Business Credit Funds $7.5MM L/C for Auto Supplier

mBank Business Credit supplied a $7.5 million line of credit for an Ohio-based auto supplier.

Mackinac Completes First Federal of Northern Michigan Buy

Mackinac Financial, the holding company for mBank, consummated the all-stock merger of Alpena, MI-based First Federal of Northern Michigan Bancorp with and into Mackinac.

mBank Funds $750K Line of Credit for Printing Manufacturer

mBank Business Credit provided a $750,000 asset-based line of credit on accounts receivable to an Illinois-based manufacturer for the print and converting industries.

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.

Mackinac Commercial to Become mbank Business Credit

mBank’s asset-based lending division, Mackinac Commercial Credit, formally changed its name to mBank Business Credit, effective February 01, 2018.

Mackinac Provides $3MM Financing to Safety Storage Manufacturer

Mackinac Commercial Credit provided $3.06 million in credit facilities to an Illinois-based manufacturer of safety storage facilities.

Mackinac Commercial Credit Funds $3MM ABL Line of Credit

Mackinac Commercial Credit provided an Illinois-based distributor with a $3 million asset-based line of credit.

Mackinac Commercial Credit Becomes ABL Division Of mBank

Mackinac Commercial Credit has been merged into mBank and is now the asset-based lending division of the company.

Mackinac Financial Completes Stock Redemption

Mackinac Financial Corp. announced it completed the redemption of its remaining 4,000 shares of outstanding Series A fixed rate cumulative preferred stock.