FREE MEMBERSHIP Includes » ABL Advisor eNews + iData Blasts | JOIN NOW ABLAdvisor Gray ABLAdvisor Blue
Skip Navigation LinksHome / News / Read News


Pacific Mercantile Bank Provides $4.75MM Credit Facility to Fragrant Jewels

June 22, 2018, 08:00 AM
Filed Under: Consumer Products

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has extended a $4.75 million commercial term loan credit facility to Fragrant Jewels.  In addition to the financing, Fragrant Jewels will utilize the full suite of Pacific Mercantile Bank's depository products and cash management services.  Fragrant Jewels was referred to Pacific Mercantile Bank by its financial advisory firm, Parkfield Capital Advisors.

Based in Los Angeles, Fragrant Jewels offers a wide selection of scented candles and bath products that feature hidden jewelry.  Each product comes with a chance to win a ring valued up to $10,000.  By combining the best hand-crafted products with amazing customer service, Fragrant Jewels has built a loyal and growing customer base for its unique selection of home goods.

"We wanted a flexible and responsive banking partner that could support our efforts to grow the Fragrant Jewels brand," said Cameron Stewart, Vice President of Finance for Fragrant Jewels.  "The Pacific Mercantile team analyzed our business model, provided valuable insight on our working capital needs, and then customized a credit facility to provide the funding we needed to meet our growth targets."

"We appreciate Parkfield Capital Advisors introducing us to Fragrant Jewels," said Rob Parks, Senior Vice President of Pacific Mercantile Bank.  "We look forward to helping Fragrant Jewels continue on its strong growth trajectory and providing additional insight using Horizon Analytics® to support their financial and strategic planning efforts."

Comments From Our Members

You must be an ABL Advisor member to post comments. Login or Join Now.