Pacific Mercantile Provides $3.5MM Revolver to Northwest Medical
Pacific Mercantile Bank provided a $3.5 million revolving line of credit to Northwest Medical.
Pacific Mercantile Bank provided a $3.5 million revolving line of credit to Northwest Medical.
Pacific Mercantile Bank provided a $2 million revolving line of credit along with depository products and cash management services to Silver Spur.
Pacific Mercantile Bank provided a $4.75 million commercial term loan credit facility to Fragrant Jewels.
Pacific Mercantile Bank extended a $5 million credit facility, consisting of a term loan and a revolving line of credit, to Western Shield.
Pacific Mercantile Bank hired Jim Roby to lead Small Business Administration lending.
Pacific Mercantile Bank’s Asset-Based Lending Group extended an $11 million credit facility to NEXT Trucking to support the company’s continued growth.
Pacific Mercantile Bank extended $4.7 million in financing to Superior Pavement Markings. The financing consists of an equipment loan, a revolving line of credit and an owner-occupied commercial real estate loan.
Pacific Mercantile Bank extended $8 million in financing to Aluratek consisting of a line of credit and a term loan.
Pacific Mercantile Bank named Douglas Spencer, Chad Kenney and Lisa Wright to senior vice president and regional manager positions in the Century City, CA; Costa Mesa, CA and San Diego offices, respectively.
Pacific Mercantile Bank extended a $5 million senior credit facility to ARGOS Material Distribution. This is the second time PMB has increased the amount of credit available to ARGOS since initiating the relationship in 2014.