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Pacific Mercantile Bank Provides $3MM Credit Facility to Avalon Transportation

September 27, 2018, 08:00 AM
Filed Under: Transportation

Pacific Mercantile Bank, the wholly owned subsidiary of Pacific Mercantile Bancorp, announced that it has provided a $3.0 million credit facility to Avalon Transportation, consisting of a commercial term loan and a revolving line of credit.  In addition to the financing, Avalon Transportation utilizes a full suite of Pacific Mercantile Bank's depository products and treasury management services. 

Avalon Transportation is a full service transportation company delivering premium chauffeured services worldwide and superior bus charter services throughout the United States.  With a network of international affiliates committed to unsurpassed client satisfaction, Avalon's services are available in nine major U.S. cities and 850 locations worldwide.  Combining classic, superior service from highly trained drivers with the ultimate convenience and efficiency, Avalon has developed a reputation for excellence that continually moves the company forward.

"Our attention to detail and commitment to providing a luxury travel experience has enabled us to consistently grow our client base over the past three decades," said Jeffrey Brush, CEO of Avalon Transportation.  "We are seeing attractive expansion opportunities and needed a banking partner that could support our vision for the company.  Pacific Mercantile Bank showed great enthusiasm in getting to know our business and has delivered on everything they said they would.  The credit facility that Pacific Mercantile Bank customized for us gives us the flexibility we need to execute on our strategic growth initiatives."

"Avalon has built a successful organization driven by client referrals and has excellent opportunities to continue growing the business," said Cyrus Greene, Vice President and Relationship Manager at Pacific Mercantile Bank.  "We look forward to presenting our Horizon Analytics® report to Jeffrey and his team and demonstrating the full extent of the strategic value that Pacific Mercantile Bank can deliver to our clients."



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