Pacific Mercantile Bank has provided a $6.4 million credit facility consisting of a line of credit and a commercial term loan to Culinary International.
Based in Vernon, CA, Culinary International makes authentic Mexican foods for the co-manufacturing and private label market. The company is built on long-standing partnerships with many of the leading national Mexican food brands and retailers in the U.S. For decades, Culinary International’s products have been sold at major grocery chains, club stores, and convenience stores across the country.
“Through our new state-of-the art facility in Vernon, we have been able to expand our capabilities and provide services covering the entire co-manufacturing cycle – from ideation to manufacturing to national distribution,” said Cesar Rodarte, CFO of Culinary International. “The credit facility from Pacific Mercantile Bank will support the addition of new business lines and the expansion of our facilities.”
“Over the past 40 years, Culinary International has built a reputation for manufacturing premium specialty foods that meet the highest expectations for quality and safety,” said Peter Pacheco, vice president and senior relationship manager at Pacific Mercantile Bank. “We are very pleased to provide the financing it needs to capitalize on its growth opportunities and reach another level of success.”
