MANISTIQUE, Mich., February 09, 2018 – mBank is pleased to announce 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 mBank branch in Birmingham MI.
The new name reflects the fact that mBank Business Credit is, and has been, a division of mBank that provides asset based lines of credit to companies outside of traditional bank financing. The collateral-backed lending solutions are ideal for small to mid-sized companies and second-stage companies that need alternative cash flow strategies to meet the financial obligations of the business. Ed Lewan, President of mBank Business Credit, stated: “We are very proud of the fact that we are an asset based lending company backed by a bank of this caliber. This change will increase awareness that we are a part of a traditional financial institution. This strengthens the level of service we can propose to our clients as we help them succeed. Our diverse background and unique position enables us to understand and assist in the execution of your business plan.”
The team serving the Midwest region of the United States, mBank Business Credit will now be headquartered at 260 East Brown St., Suite 300, Birmingham, Michigan. The office located in Chicago, IL will not relocate and Michael Gallagher, Regional VP of mBank Business Credit can still be reached at 847-550-1380.
Ed Lewan can be reached at mBank Business Credit office, located at 260 East Brown St., Suite 300, (248) 205-5925 or by email at [email protected]
Headquartered in Manistique, Michigan. Proudly serves Michigan and Northern Wisconsin with 23 branch locations. With assets in excess of $981 million, 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: bankmbank.com. Member FDIC. Equal Housing Lender
About mBank Business Credit
mBank Business Credit ABL is a division of mBank, a subsidiary of Mackinac Financial Corporation, that provides asset based lines of credit to companies outside of traditional bank financing. For more information, visit: bankmbank.com