mBank Business Credit provided a $750,000 asset-based line of credit on accounts receivable to an Illinois-based manufacturer for the print and converting industries.
Looking for a new banking relationship, the company’s ownership met with mBank management and presented its plans. mBank found a way to meet the company’s financial needs going forward and will transition the firm to a more traditional bank line of credit, given subsequent positive progression.
mBank Business Credit is the ABL Division of mBank and provides lines of credit up to $7.5 million for companies in transition due to rapid growth, acquisition, recapitalization or in turnaround.
