Mackinac Commercial to Become mbank Business Credit
mBank’s asset-based lending division, Mackinac Commercial Credit, formally changed its name to mBank Business Credit, effective February 01, 2018.
mBank’s asset-based lending division, Mackinac Commercial Credit, formally changed its name to mBank Business Credit, effective February 01, 2018.
Mackinac Commercial Credit said it funded three transactions totaling $14.3 million this summer.
Mackinac Commercial Credit provided $3.06 million in credit facilities to an Illinois-based manufacturer of safety storage facilities.
Mackinac Commercial Credit provided an Illinois-based distributor with a $3 million asset-based line of credit.
Mackinac Commercial Credit provided a $1.5 million asset-based line of credit to a Michigan-based commodity re-seller.
Mackinac Commercial Credit provided an Ohio-based biosciences firm with a $2.5 million asset-based line of credit on its accounts receivables.
Mackinac Commercial Credit provided a working capital line of credit to an Ohio-based electrical supplies distributor.
Mackinac Commercial Credit provided a $700K credit line for a Michigan-based service business.
Mackinac Commercial Credit provided a $2.9 million line of credit for a Michigan-based precision part manufacturer.
Mackinac Commercial Credit funded a $2.9 million line of credit for a Michigan-based precision parts manufacturer seeking to restructure its balance sheet.