mBank announced that its asset based lending division, Mackinac Commercial Credit, has formally changed its name to mBank Business Credit, effective February 01, 2018. The headquarters is currently located in Troy, MI and will be relocating to the...
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February 13, 2018, 08:00 AM
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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...
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October 09, 2017, 08:00 AM
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Recently an Ohio-based non-profit firm was in need of a working capital line of credit to replace the existing facility they had with a regional bank. Mackinac Commercial Credit (MCC) met with their management team to learn more about them. MCC was...
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May 26, 2017, 08:00 AM
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An Illinois based distributor of soft goods received an $3,000,000 asset based line of credit on its accounts receivable and inventory from Mackinac Commercial Credit last month. The firm had suffered some setbacks and its existing bank had asked...
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April 25, 2017, 07:00 AM
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Mackinac Commercial Credit provided a $1,500,000 asset based line of credit to Michigan based commodity re-seller. The financing was secured by the company's accounts receivable.
The firm had suffered some setbacks and its existing bank had asked...
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March 24, 2017, 07:00 AM
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A Michigan based printing and content management firm received an $750,000 asset based line of credit on its accounts receivable from Mackinac Commercial Credit this month. The firm has been restructuring its operations and evolving to meet the needs...
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February 09, 2017, 06:00 AM
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An Ohio based Biosciences firm received an $2,500,000 asset based line of credit on its accounts receivable from Mackinac Commercial Credit this month. The firm was involved in a restructuring and turnaround after the current ownership acquired the...
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December 20, 2016, 07:00 AM
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An Ohio-based electrical supplies distributor received an SBA loan when the new owners purchased the company several years ago but did not have the working capital facility they needed to help the company grow. Mackinac Commercial Credit was called...
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August 02, 2016, 07:27 AM
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A Michigan-based service business was not getting the service they expected from their current lender. In the end they were told by their lender that they were “too small” for them to handle. Mackinac Commercial Credit (MCC) was called in by a...
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June 17, 2016, 07:55 AM
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A Michigan-based service business was not getting the service they expected from their current lender. In the end they were told by their lender that they were “too small” for them to handle. Mackinac Commercial Credit (MCC) was called in by a...
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April 06, 2016, 07:52 AM
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A Michigan-based precision parts manufacturer was restructuring its balance sheet and raising additional capital. It was seeking a new lender that could help them leverage their balance sheet assets and provide a working capital line to complete...
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February 01, 2016, 07:36 AM
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A Michigan-based precision parts manufacturer was restructuring its balance sheet and raising additional capital. It was seeking a new lender that could help them leverage their balance sheet assets and provide a working capital line to complete...
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January 26, 2016, 07:00 AM
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Recently an Ohio-based non-profit firm was in need of a working capital line of credit to replace the existing facility they had with a regional bank. Mackinac Commercial Credit (MCC) met with their management team to learn more about them. MCC was...
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December 03, 2015, 07:04 AM
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A South Carolina-based environmental firm was closing out the start- up phase of their business plan. While sales were ramping up significantly, they did not have the history to find a traditional bank to fund their growth. MCC management was...
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April 23, 2015, 07:29 AM
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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...
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February 12, 2015, 07:17 AM
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A Michigan-based legal support services company obtained a $2 million asset-based line of credit to support its dynamic sales growth. The firm's community bank could not keep up with the rapid growth rate the company was experiencing. A trusted...
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January 12, 2015, 07:29 AM
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Mackinac Commercial Credit announced the closing of two transactions in early December. The transactions are: A Michigan based legal support services company obtained a $2 million asset-based line of credit from MCC to support their dramatic sales...
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December 10, 2014, 07:09 AM
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Mackinac Commercial Credit closed three transactions in June totaling $3.6 million. Details of the deals include:
A Michigan based manufacturer of polyethylene products funded a $2,500,000 ABL line of credit supported by accounts receivable and...
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July 15, 2014, 07:36 AM
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An Ohio-based metals distributor was in a tough spot with its bank relationship. They needed a new lender to take out the bank quickly. Payroll was on the line and time was of the essence. Mackinac Commercial Credit’s experienced team was able to...
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June 18, 2014, 06:48 AM
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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...
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June 06, 2014, 07:17 AM
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An Ohio based nano-technology firm was trying to complete a merger and was not getting the service they expected from their current bank relationship. Mackinac Commercial Credit was called in by their trusted advisor to take a look. The Mackinac team...
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May 20, 2014, 07:16 AM
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An Ohio based nano-technology firm was trying to complete a merger and was not getting the service they expected from their current bank relationship. Mackinac Commercial Credit was called in by their trusted advisor to take a look.
The Mackinac...
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April 30, 2014, 07:07 AM
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Mackinac Commercial Credit (MCC) has funded a new $1.5 million A/R and Inventory line of credit for a Michigan-based building products distributor. The distributor had suffered during the Great Recession and had to exit its long term bank...
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January 14, 2014, 07:16 AM
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Mackinac Commercial Credit has funded a $2 million accounts receivable and inventory line of credit to a Michigan based-die caster.
The facility created additional availability for the die caster to fund new sales which will return the firm to...
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December 16, 2013, 07:11 AM
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