mBank’s asset-based lending division, Mackinac Commercial Credit, formally changed its name to mBank Business Credit, effective February 01, 2018.
The company will relocate from Troy, MI to the mBank branch in Birmingham, MI. mBank’s Chicago office will not relocate.
The new name reflects the fact that mBank Business Credit is, and has been, a division of mBank which provides asset-based lines of credit to companies outside of traditional bank financing.
“We are very proud of the fact that we are an asset-based lending company backed by a bank of this caliber. This change will increase awareness that we are a part of a traditional financial institution,” said Ed Lewan, president of mBank Business Credit.