Pacific Mercantile Bank has provided a $4.5 million credit facility to BTG Textiles.
Based in Los Angeles, BTG Textiles is a manufacturer and distributor of premium quality linens and textiles to the hospitality, healthcare, spa/salon, and commercial laundry industries. _x000D_
“One of the keys to our success has been maintaining our inventory at a level that enables us to rapidly respond to customer demand,” said Soleman Chowdhury, CEO of BTG Textiles. “As a result, efficiently financing our working capital needs is a critical component of our business model. The team at Pacific Mercantile Bank took the time to understand our needs and customize a credit facility that suits our unique working capital requirements.”
“We are very pleased that we were able to offer BTG Textiles a more efficient way to finance its working capital requirements,” said Jeremy Schmidt, vice president and senior relationship manager at Pacific Mercantile Bank. “We look forward to providing advice and financial solutions that will help BTG Textiles continue to grow its business and strengthen its position as a leader and innovator in textile products and services.”
