An Ohio-based automotive stamper needed a new lender. The Asset Based Lending team met with the management team at the plant in Ohio, reviewed their business plan and future projections and provided a line of credit that would meet their future needs. The collateral included A/R, Inventory and equipment.
The firm chose Bank of Ann Arbor’s Asset Based Lending Group as it provided their answer both for short term funding and as a bridge to a long-term relationship as a Bank of Ann Arbor client.