Pacific Mercantile Bank has extended a $5.8 million credit facility to Hyperikon to help finance the company’s continued growth.  In addition to the credit facility, Hyperikon will utilize a full suite of Pacific Mercantile Bank’s cash management products.

Based in San Diego, Hyperikon is one of the leading U.S.-based manufacturers of LED lighting systems for commercial and industrial use.  Hyperikon is committed to developing and delivering the best and brightest LED light bulbs in the entire industry. With a comprehensive product portfolio that stretches from LED tubes to LED street lights, Hyperikon is able to support and supply in commercial, industrial and residential sectors.  Hyperikon products are available at www.hyperikon.com or through Amazon.com.

“We were very impressed with Pacific Mercantile Bank’s ability to quickly understand our business and put in place an interim line of credit in a matter of weeks that helped us meet the growing demand we are experiencing for our LED products,” said Nicklas Brandrup, Co-Founder and Chief Business Development Officer of Hyperikon.

“We have since expanded the relationship and put in place a larger credit facility that will provide the capital we need to continue growing the company in the coming years,” added Alexander Brandrup, Co-Founder and Executive Vice President of Hyperikon.

“Hyperikon has built a sterling reputation for providing superior quality LED products and is on pace to more than double its revenue this year,” said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank.  “We are very pleased to add Hyperikon to our growing roster of asset-based lending clients and we look forward to supporting the company’s growth in the years ahead.”

Pacific Mercantile Bank provides a wide range of commercial banking services to businesses, business owners and business professionals through its combination of traditional banking offices and comprehensive, sophisticated electronic banking services.