mBank Business Credit provided a $6 million line of credit to an Ohio based distributor/logistics firm.

The firm was looking for a new lender as they were considered too small for the Major Bank they dealt with. There business model is in transition and the size of the lending requirement had fallen to the point their existing Big Bank was not interested in the relationship.  mBank senior management personally visited the client at their office and reviewed their plans and met with all management.  mBank then presented the company with a customized financial package that met their needs. The loan closed in the 1st Quarter of 2019.   

mBank Business Credit is the Asset Based Lending Division of mBank and provides lines of credit up to $10,000,000 for companies in transition due to rapid growth, acquisition, recapitalization, or in turnaround.