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Fact Sheet

  • mBank Business Credit provides working capital lines of credit supported by accounts receivable and inventory to clients that cannot obtain traditional bank financing due to lack of history, net losses, rapid growth, impaired balance sheet or start up.
  • mBank Business Credit ABL is a division of mBank, a subsidiary of Mackinac Financial Corporation, a Michigan based bank holding company.  Stock symbol “MFNC”.
  • Loan amounts range from $500,000 to $7,500,000.
  • Our market territory is national in scope. Headquarters are located in Metro Detroit, Michigan.
  • We lend on the “Character” of ownership and the “Collateral” of the client. 
  • We can ignore past losses and poor history as we look at where the client is heading in the future as opposed to where they have been in the past.
  • We have an experienced staff that can offer a quick assessment to a client or referral source if we can help.  Average experience level for our sales and underwriting team is 25+ years.
  • Our typical contract is for one year.  We consider ourselves a transition lender that helps clients move back to traditional banking after they have completed their turnaround.
  • We do our heavy lifting up front.  Our proposals are issued by the MBC President and we expect to close on those terms pending a successful field audit.  We do not try to figure it out after the proposal letter is signed.