Pacific Mercantile Bank provided a $2.5 million revolving line of credit to Karish Industries.
Headquartered in Orange, CA, Karish Industries is an electrical cable distributor that focuses primarily on the street lighting, fire alarm, and fiber optic cable markets.
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“Our previous credit facility with another bank proved to be too restrictive and limited our ability to invest in new growth opportunities,” said Steve Brodock, CEO of Karish Industries. “Pacific Mercantile Bank worked hard to understand our cash flow cycle and customize a line of credit that enables us to access the financing we need to support the growth of our business.”
“Karish Industries has combined superior pricing, product availability and customer service to consistently grow its customer base and expand into new markets,” said Mark Martinez, senior vice president and regional manager at Pacific Mercantile Bank.
