DecisionPoint Systems, a provider and integrator of enterprise mobility and Internet of Things solutions, signed new commercial banking relationships with Union Bank combined with CapitalSource Business Financial Group, as the company’s primary line-of-credit lender. The new relationships replace the company’s previous commercial banker and primary lender, where the line-of-credit has been fully repaid and closed.

DecisionPoint now has a three-year revolving line of credit of $6 million, at an interest rate of 1.25 points over the prime rate, a full 200 basis points lower than the former lender’s rate. Total fees with Union Bank and CapitalSource are significantly lower than the fees charged by the company’s previous lender, adding to the savings. The line-of-credit is secured by substantially all of DecisionPoint’s assets, similar to the previous lender relationship.

CEO Steve Smith commented, “Today’s DecisionPoint is ready to grow again. We are leaner through continued efforts to reduce operational and financial expenditures. We have become more focused by divesting non-core operations that were negatively affecting cash flows.”