Huntington Business Credit closed $21,000,000 in new credit facilities with JG Kern Enterprises on November 27, 2024. Proceeds of the facility were used to refinance existing debt and provide ongoing working capital financing.

JG Kern Enterprises, Inc., headquartered in Sterling Heights, Michigan, is a manufacturer of close tolerance components for drivetrain and powertrain assemblies, transmission flange assemblies and other components, primarily for the automotive industry.    
         
Huntington Business Credit provides working capital and term loan facilities to large corporate and middle market companies for acquisitions, LBO’s, MBO’s recapitalizations, rapid growth, seasonal working capital build-up, and turnaround situations.