mBank Business Credit provided a $1.4 million asset based line of credit on accounts receivable to an Ohio-based provider of inspection and quality services for the manufacturing sector.
The firm needed a more attractive financing arrangement than the one it received from a non-bank lender. mBank Business Credit management met the ownership team, heard their plans and found a way to meet their financial needs going forward.
As the company continues its positive progression, mBank Business Credit can transition the firm to a more traditional bank line of credit.
