An Ohio-based commodity products distributor obtained a $1 million asset-based line of credit. The company was in need of a more flexible lending solution. Mackinac was able to step in quickly and offered them a revolving asset based loan on their accounts receivable. The loan funded in 8 days after the field exam was completed.
Mackinac Commercial Credit is a wholly owned subsidiary of Mackinac Financial Corporation and is a national asset-based lender providing lines of credit up to $4 million with representation in Chicago, Dallas, and Detroit.