Pacific Mercantile Bank has provided a $3 million credit facility to Delicate Productions, consisting of a term loan and a revolving line of credit.
Operating out of the Los Angeles area, Delicate Productions is an award-winning provider of professional audio, lighting and video services.
“One of the biggest challenges in the production industry is managing working capital through the seasonal ebbs and flows in our business,” said Harvey Ross, EVP of Delicate Productions. “Pacific Mercantile Bank demonstrated a strong understanding of our unique business model and put together a customized credit facility to support our ongoing capital needs. They were also able to use their Horizon Analytics® tool to provide insight into the best strategies for maximizing the value of our company in the coming years, which is a level of consulting we have never received from another commercial bank.”
“Since 1980, Delicate Productions has provided superior customer service and created world-class events for some of the biggest names in the touring, corporate and live entertainment industries,” said Rob Parks, SVP at Pacific Mercantile Bank. “The company has built a large and loyal customer base that keeps coming back to them for their production needs year after year, and we are excited to have the opportunity to support their continued growth and success.”
