mBank Business Credit closed a $2.25 million line of credit for an Indiana-based wood products manufacturer.
The company was looking for a new lender as it was considered too small for the major bank it dealt with. Its business model was in transition, and the size of the lending requirement had fallen to the point its existing big bank was not interested in the relationship.
mBank senior management personally visited the client and reviewed its plans and met with all management. mBank then presented the company with a customized financial package that met its needs.
Headquartered in Manistique, MI, mBank is the principal subsidiary of Mackinac Financial.
