mBank Business Credit funded a $2.5 million line of credit for an Illinois-based manufacturer of drainage piping and plastic tubing.
The manufacturer was looking for a new lender. mBank senior management visited the client, reviewed its plans, and met with the company’s management team and consulting firm. mBank then presented the company with a financial package. The loan closed in February.
mBank Business Credit is the asset-based lending division of mBank and provides lines of credit of up to $10 million for companies in transition due to growth, acquisition, recapitalization or turnaround.