Pacific Mercantile Bank Provides $10.0 Million in Financing to Mercury GSE

Pacific Mercantile Bank (“the Bank”), the wholly owned subsidiary of Pacific Mercantile Bancorp (PMBC), today announced that it has provided a $10.0 million credit facility to Mercury GSE. In addition to the financing, Mercury GSE utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services. 

Based in Santa Fe Springs, Mercury GSE handles ground support equipment rentals worldwide for the aviation industry. As part of the company’s worldwide distribution service, Mercury GSE handles parts from America’s finest ground support equipment manufacturers, including JBT/FMC Aerotech (FMC), TLD America, NMC Wollard, Tug Technologies, Clyde Machines and Wasp. Mercury GSE specializes in larger items such as loaders, aircraft tow tractors and air starters. The company’s large inventory of in-stock equipment, which is available for long-term rent enables it to offer GSE rentals to major carriers’ expansion routes, as well as start-up operations and ground handlers. Mercury has the right equipment for any aircraft at very affordable rates.

“Our commitment to providing the highest quality equipment and best customer service in the industry has helped us to become the largest ground support rental company in the Western United States,” said Jason Gendron, CEO of Mercury GSE. “Pacific Mercantile Bank has strong experience in the equipment rental space, which enabled their team to quickly understand our business model and customize a revolving term loan facility to meet our financial needs and growth goals. We also received a great deal of value from the insight they provided on our business model and growth strategies through their Horizon Analytics® tool. With our new credit facility in place, we can focus on further expansion and growing our business in the coming years.”

“With over 40 years of experience, Mercury GSE has steadily expanded its capabilities and can deliver equipment anywhere in the United States, Canada, Mexico, Europe and Asia,” said Rob Parks, Senior Vice President at Pacific Mercantile Bank. “Mercury GSE has built a strong position in the equipment rental industry and we look forward to helping the company achieve even greater success in the future.”

For more information about Pacific Mercantile Bank and its commitment to helping companies succeed, visit www.pmbank.com.

About Pacific Mercantile Bank

Pacific Mercantile Bancorp (PMBC) is the parent holding company of Pacific Mercantile Bank, which opened for business March 1, 1999. The Bank, which is an FDIC insured, California state-chartered bank and a member of the Federal Reserve System, provides a wide range of commercial banking services to businesses, business professionals and individual clients. The Bank is headquartered in Orange County and has seven locations in Southern California, located in Orange, Los Angeles, San Diego, and San Bernardino counties. The Bank offers tailored flexible solutions for its clients including an array of loan and deposit products, sophisticated treasury management services, and comprehensive online banking services accessible at www.pmbank.com.

About Horizon Analytics®

Horizon Analytics is Pacific Mercantile Bank’s proprietary financial tool that provides a level of insight and analysis uncommon for small- to medium-sized private businesses. Using a proprietary private company database and financial analysis techniques typically available only to large public companies, Horizon Analytics helps businesses understand how their financial performance compares to their competitors and develop a detailed multi-year financial forecast to assist with capital planning and business investment. Through the insight provided by Horizon Analytics, Pacific Mercantile Bank helps its clients navigate challenges, capitalize on opportunities, and look into the future, far beyond a company’s day-to-day activities. Learn more about Horizon Analytics and Pacific Mercantile Bank’s commitment to helping companies succeed at www.pmbank.com/HorizonAnalytics.