Mackinac Commercial funded a $500,000 ABL line of credit for a Michigan-based company.

The business was not getting the service they expected from their current lender. In the end, the lender told the businesses managers that it was “too small” to handle. MCC was called in by a trusted advisor of the company to meet management and review their future plans.

MCC provided the business with a line of credit secured by A/R, inventory and equipment and allowed the facility to expand when needed.

Manistique, MI-based Mackinac Commercial Credit is the asset-based lending division of mBank and provides lines of credit up to $5 million for companies in transition due to rapid growth, acquisition, lack of capital or in turnaround.