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Pacific Mercantile Bank Provides $6.4MM Credit Facility to Culinary International

June 14, 2019, 08:50 AM

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $6.4 million credit facility to Culinary International LLC consisting of a line of credit and a commercial term loan. 

In addition to the financing, Culinary International utilizes a full suite of Pacific Mercantile Bank’s depository products and treasury management services.

Based in Vernon, CA, Culinary International makes delicious and authentic Mexican foods for the co-manufacturing and private label market. The company is built on long-standing partnerships with many of the leading national Mexican food brands and retailers in the United States. 

For decades, Culinary International’s products have been sold at major grocery chains, club stores, and convenience stores across the country.

“Through our new state-of-the art facility in Vernon, we have been able to expand our capabilities and provide services covering the entire co-manufacturing cycle – from ideation to manufacturing to national distribution,” said Cesar Rodarte, Chief Financial Officer of Culinary International. “The credit facility from Pacific Mercantile Bank will support the addition of new business lines and the expansion of our facilities.  We were impressed with Pacific Mercantile Bank’s knowledgeable bankers and their Horizon Analytics® tool, which gave us powerful insight into the future of our business. In addition, the experience they have in the food and beverage industry enabled them to customize a credit facility that is well suited for our borrowing needs.”

“Over the past 40 years, Culinary International has built a reputation for manufacturing premium specialty foods that meet the highest expectations for quality and safety,” said Peter Pacheco, Vice President and Senior Relationship Manager at Pacific Mercantile Bank.  “We are very pleased to provide the financing it needs to capitalize on its growth opportunities and reach another level of success.”

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