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Pacific Mercantile Bank Provides $5MM in Financing to Health-Ade

September 15, 2017, 07:20 AM
Filed Under: Beverage

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that the Bank’s Asset-Based Lending Group has extended a $5 million revolving line of credit to Health-Ade, a leading brewer of organic kombucha. In addition to the financing, Health-Ade utilizes a full suite of Pacific Mercantile Bank’s depository products and cash management services. Health-Ade was referred to Pacific Mercantile Bank by First Beverage Group, who along with CAVU Ventures, is Health-Ade’s private equity sponsor.

Headquartered in Torrance, Health-Ade brews and distributes organic kombucha, a fermented tea that naturally contains probiotics and healthy organic acids.  Enjoyed for thousands of years, kombucha is a delicious addition to a healthy lifestyle.  Health-Ade Kombucha comes in a variety of flavors including Ginger Lemon, Pink Lady Apple, and Pomegranate, and is available at more than 7,000 health- and specialty-food stores across the United States.

“In a little more than five years, we have gone from selling 10 cases of our homemade kombucha at a local farmers market to selling millions of cases annually across the country,” said Daina Trout, CEO of Health-Ade.  “As consumers seek out healthy alternatives to sugary beverages, we have seen a huge increase in demand for our kombucha.  Pacific Mercantile Bank has been a pleasure to work with and has provided us with the financing to continue increasing our production capacity and developing new flavors that will help us further increase our share of the healthy beverage market.”

“We appreciate First Beverage Group introducing us to Health-Ade and giving us the opportunity to support their continued growth,” said Tom Vertin, President and Chief Executive Officer of Pacific Mercantile Bank.  “Health-Ade is an inspiring story of entrepreneurs building an innovative company from the ground up.  The company is experiencing dramatic growth and we look forward to helping Health-Ade achieve even further financial success.”

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