Pacific Mercantile Bank extended $6.8 million in financing to Hoosier consisting of a revolving line of credit, an equipment term loan and a commercial real estate loan. In addition to the financing, Hoosier will utilize a full suite of Pacific Mercantile Bank’s cash management products.

“When we decided to move our banking relationship, Pacific Mercantile was able to provide a creative solution that perfectly suits our needs and provides us with the financing we need to continue growing our business,” said Rob Sims, president and CEO of Hoosier. “I was very impressed with the level of personal attention and value-added consulting that Pacific Mercantile was able to provide and I have moved other business and personal accounts to the bank as well.”

“Hoosier is a dynamic manufacturing company that is at the forefront of medical implant technology and also seeing strong growth in sales to the defense and aerospace industries,” said Tom Vertin, president and chief executive officer of Pacific Mercantile Bank. “We are very pleased to play a role in supporting the continued growth and success of the company.”

Corona, CA-based Hoosier is a specialty manufacturer for the orthopedic, medical, dental, industrial and aerospace industries. Hoosier’s aerospace business includes designs for Raytheon, Boeing and Honeywell, as well as SpaceX products used in the Mars exploration project.