Daily News: October 12, 2017

Pacific Mercantile Provides $3.5MM ABL to Freight Forwarding Firm

Pacific Mercantile Bank‘s ABL group provided a $3.5 million facility to a privately-owned freight forwarding company in Ontario, CA.

The relationship provides for the working capital and treasury management services of the company.

Pacific Mercantile Bank provides ABL and stand-alone financing based on EBITDA to companies seeking to leverage their balance sheets, complete recapitalizations associated with M&A transactions as well as funding owner-occupied real estate to companies in all sectors of the economy in amounts of up to $15 million with specialization in $1 million to $10 million credit accommodations.