Mackinac Commercial Credit (MCC) provided an Ohio-based biosciences firm with a $2.5 million asset-based line of credit on its accounts receivable. The firm was involved in a restructuring and turnaround after the current ownership acquired the firm.

MCC was called in to provide a working capital line of credit as the finishing touch to the company’s turnaround story. MCC management met the ownership team, and both sides saw a perfect fit to meet its financial needs going forward.