mBank Business Credit Funds $2.5MM LOC to Piping/Tubing Manufacturer

Written By Terri Baker

mBank Business Credit funded a $2.5 million line of credit for an Illinois-based manufacturer of drainage piping and plastic tubing.

The manufacturer was looking for a new lender. mBank senior management visited the client, reviewed its plans, and met with the company’s management team and consulting firm. mBank then presented the company with a financial package. The loan closed in February.

mBank Business Credit is the asset-based lending division of mBank and provides lines of credit of up to $10 million for companies in transition due to growth, acquisition, recapitalization or turnaround.

Terri Baker
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