mBank Business Credit Funds $4,500,000 Line of Credit for a Michigan-based Food Distributor

A Michigan distributor of consumer food products was looking for a new lender.  The firm was experiencing record growth and needed a lender that could grow with them.    mBank Senior Management personally visited the client 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 August 2020.   

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. 

About Mackinac Financial Corporation and mBank

Headquartered in Manistique, Michigan, mBank is the principal subsidiary of Mackinac Financial Corporation whose common stock is traded on the NASDAQ stock market as “MFNC.”  With assets in excess of $1.5 billion, the community bank empowers individuals and small- to medium-sized businesses with smart financing and depository solutions for peace of mind.  For more information visit: www.bankmbank.com.

Member FDIC. Equal Housing Lender.