Pacific Mercantile Bank has provided a $5.3 million credit facility to 3LB Restaurant Concepts to restructure the company’s existing debt and support its continued expansion.

Founded in 2007, 3LB Restaurant Concepts operates six restaurants and two craft breweries in California’s North San Diego County including Urge American Gastropub, Urge Common House, and Mason Ale Works. Having initially started with a wine bar and bistro concept, 3LB’s success has led to the opening of a gastropub concept, a gourmet deli, a high-quality coffee concept, a small commercial bakery and a brewery with many more plans for the future.

“By focusing on providing guests with high-end dining and imbibing options at value driven prices, we have continually introduced new concepts that have resonated well with our target market,” said Zak Higson, CEO of 3LB Restaurant Concepts. “We believe we have excellent opportunities to continue our expansion and we were impressed with Pacific Mercantile Bank’s ability to support our vision. In addition to providing a customized credit facility to meet our financing needs.”

“We would like to thank Innovative Capital for introducing us to 3LB,” said Ross Macdonald, senior vice president and regional manager at Pacific Mercantile Bank. “They recognized that our experience in the food and beverage industry and the value we could provide with Horizon Analytics made us an ideal banking partner for 3LB.”

Innovative Capital is a San Diego commercial and industrial loan brokerage combined with in-house private capital.