Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp (NASDAQ: PMBC), announced that it has provided a $4.5 million credit facility to BTG Textiles.  In addition to the financing, BTG Textiles utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services.

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.  Since its founding in 2011, BTG Textiles has been providing the highest quality and service to customers nationally and internationally.  With a recognized tradition, BTG Textiles focuses on product innovation and durability in the textile market.  Beginning in its own manufacturing mills in Bangladesh, Portugal and Pakistan, BTG Textiles controls the quality of its products and ensures competitive market pricing. 

“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 have also found great value in the Bank’s Horizon Analytics®, which has provided insight into the best way to enhance the value of our company.”

“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.”