Home/Invoice Financing Companies/FirstMerit Bank Business Credit

Contact

106 S. Main Street TOW16
Akron, OH 44308

P: (330) 384-7448
F: (216)222-3655
W: www.firstmerit.com

Management

  • Douglas K. Winget: President
  • Phillip M. Lykens : Executive VP and Senior Credit Officer
  • R. Michael Krueger : Senior VP of Business Development
  • Matthew C. Lenzini : Senior VP of Business Development

Summary

Founded in 1998, FirstMerit Corporation is a diversified financial services company headquartered in Akron, Ohio. The company operates with assets of $10.8 billion from 156 banking offices in Ohio and western Pennsylvania. FirstMerit provides a complete range of banking and other financial services to consumers and businesses through its clientele of manufacturers, distributors, wholesalers, retailers and services companies. 

First Merit Business Credit now offers asset-based financing at offices in Akron, Cleveland, Cincinnati, Chicago and St. Louis. The company delivers senior-secured financing solutions to business and corporate clients with annual sales from $10 million to more than $500 million. Recent FirstMerit asset-based lending and factoring facilities have been valued at $7 million to $37 million.

Size of Loans

  • $5,000,000 - $15,000,000
  • $15,000,000 plus

Available Financing

  • ABL
  • Factoring Non-Recourse
  • Factoring Recourse

Industries

  • Manufacturing
  • Other
  • Retail

Recent Transactions

BorrowerIndustryAmount (M)QuarterYear
Arrow Tru-Line HoldingsManufacturer/Garage Door Parts18.44112013
Origin Point BrandsDesigner, Distributor/Home Improvement Products10.012013
Wellborn Forest ProductsDesigner/Semi-Custom Hardwood Cabinets8.83512013
Addison McKeeManufacturer/Automotive Supplies6.712013
Ervin EquipmentProvider/Transportation Equipment35.042012
Anco Steel CompanySupplier/Steel piping, Beams, Rebar30.042012
Consolidated Glass HoldingsProvider/Custom Glass, Metal Fabrication7.042012
Sea-Land Chemical Co.Distributor/Specialty Chemicals20.032012
Truck Bodies and Equipment InternationalManufacturer/Truck, Trailer Equipment, Products23.032012
Primary PackagingManufacturer/Polyethylene Film, Bags12.522012
NW Sign IndustriesManufacturer/Custom Signage10.022012
Compass Chemical InternationalManufacturer/Specialty Chemicals9.822012
ColorbokDistributor/Scrapbooking Products, Stationary, Crafts9.022012
Summit SteelDistributor/Alloy, Carbon Bar Stock8.522012
Falls Stamping and Welding CoProvider/Metal Stamping, Design, Fabrication6.012012
American Micro ProductsManufacturer/Machined Components, Connectors7.512012
Energy Manufacturing CompanyManufacturer/Hydraulic Cylinders, Valves9.912012
Akron Hardware ConsultantsDistributor/Architectural Hardware, Products13.812012
Joliet EquipmentSupplier/AC, DC Traction Motors5.042011
Lexington MachiningManufacturer/Aluminum, Steel, Brass7.542011
Ritzman PharmaciesOperator/Chain of Pharmacy Stores8.042011
Clinical Research ManagementProvider/Clinical Research, Product Development8.042011
Ohio Valley ManufacturingManufacturer/Parts8.542011
Continental DatalabelManufacturer/Labels, Cards, Ribbons8.842011
Hodell-Natco IndustriesDistributor/Industrial Fasteners, Chain9.042011
Network PolymersSupplier/Thermoplastic Materials, Resins16.042011
SMWC Acquisition CoOperator/Steel Service Center10.532011
Harden ManufacturingManufacturer/Promotional Furniture16.032011
The Strive GroupManufacturer/Product Merchandising, POP Displays47.822011
The Selinsky ForceProvider/Specialty Industrial Services25.522011
ColonyManufacturer/Retail Store Fixtures, POS Displays19.322011
Arrow Tru-Line HoldingsManufacturer/Garage Door Metal Components18.022011
Primary PackagingManufacturer/Polyethylene Bags, Packaging8.822011