Mackinac Commercial Credit funded three transactions this summer totaling $14,300,000. The deals include:
- $7,500,000 participation in a $40 million line of credit to an Illinois based specialty finance company.
- $5,500,000 ABL line of credit to an Ohio based manufacturer of pressure sensitive roll labels.
- $1,300,000 ABL line of credit to an Indiana based iron foundry.
Mackinac Commercial Credit is the Asset Based Lending Division of mBank and provides lines of credit for companies in transition due to rapid growth, acquisition, recapitalization, or in turnaround.