mBank Business Credit funded a $1.25 million line of credit for a Michigan-based manufacturer of cutting tools.
Senior management at mBank visited the client, reviewed its plans and met with all management. mBank then presented the company with a customized financial package. The loan closed in November.
mBank Business Credit is the asset-based lending division of mBank and provides lines of credit up to $10 million for companies in transition due to rapid growth, acquisition, recapitalization or turnaround.
