Pacific Mercantile Bank extended a $5.8 million credit facility to Hyperikon to help finance the company’s continued growth.

“Hyperikon has built a sterling reputation for providing superior quality LED products and is on pace to more than double its revenue this year,” said Tom Vertin, president and CEO of Pacific Mercantile Bank. “We are very pleased to add Hyperikon to our growing roster of asset-based lending clients and we look forward to supporting the company’s growth in the years ahead.”

“We were very impressed with Pacific Mercantile Bank’s ability to quickly understand our business and put in place an interim line of credit in a matter of weeks that helped us meet the growing demand we are experiencing for our LED products,” said Nicklas Brandrup, co-founder and chief business development officer of Hyperikon.

San Diego-based Hyperikon is a manufacturer of LED lighting systems for commercial and industrial use.