FirstMerit Business Credit and FirstMerit Equipment Finance announced the closing of $25 million of credit and leasing facilities encompassing a revolver and equipment lease line, respectively with Sakhi Automotive.
FirstMerit Bank Business Credit closed a new $8.5 million revolving credit loan and capital expenditure lease loan facility to MAX Environmental Technologies.
FirstMerit Bank announced it provided two new revolvers to ACO and to Canton Drop Forge. Both credits were used to refinance existing debt and for other company needs.
FirstMerit Bank Business Credit closed a new $6.7 million revolving credit loan and lease facility to Addison McKee, a portfolio company of Albion Investors. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital.