A Michigan-based manufacturer of polyethylene products had expanded sales rapidly with mixed bottom line results. The firm’s bank became uncomfortable with the growth and was reluctant to expand their credit line.

Mackinac was called in and met with management and reviewed their facility and projections.  By leveraging the accounts receivable, inventory and equipment within a borrowing base, Mackinac was able to pay off the bank and provide the firm with extra availability to help them fund their growth and complete the turnaround of their operations.

Mackinac Commercial Credit is an asset-based lender that funds loans up to $4 million nationally with representation in Chicago, Dallas, New Jersey and Detroit.