Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, extended $6 million in financing to Applied Membranes, consisting of a $5 million commercial line of credit and a $1 million term loan.

Vista, CA-based Applied Membranes is a manufacturer and distributor of reverse osmosis membranes, systems and components for commercial and residential use. With more than 10,000 commercial/industrial systems in operation, AMI provides reverse osmosis systems for drinking water, boiler feed water, seawater, desalination, ultrapure water, USP water and water reuse.

“We needed a bank that could provide a credit facility that was tailored to our cash flows and sales cycle, rather than the ‘off-the-shelf’ financing that we were offered by other banks,” said Dr. Gil Dhawan, president of AMI. “Pacific Mercantile demonstrated a strong understanding of our business model and developed a customized credit facility that provides the flexibility we need to support the expansion of our business.”