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.
The company’s ownership team met with mBank management when it was looking for a new banking relationship. On hearing its proposals, mBank found a way to meet its financial needs going forward. As the company continues its positive progression, mBank can transition the firm to a more traditional bank line of credit.
mBank Business Credit is the ABL Division of mBank and provides lines of credit up to $7.5 million for companies in transition due to rapid growth, acquisition, recapitalization or turnaround needs.
