CHME secures $4M term loan

Wednesday, May 3, 2017

COSTA MESA, Calif. – Pacific Mercantile Bank has extended a $4 million term loan to CHME, an HME provider. CHME, originally California Home Medical Equipment, was referred to Pacific Mercantile Bank by Unique Investment Corp., CHME’s private equity sponsor. “With the knowledge they gained, they were able to structure a loan that meets our financing needs and allows us to increase our working capital to support the growth opportunities we are seeing,” said Bernie Zimmer, president of CHME. “Pacific Mercantile Bank also presented us with a solution that helped us streamline our banking relationships, make us more efficient, and take costs out of the business.  With their support, we have a stronger foundation for generating profitable growth." Located in San Francisco, CHME specializes in respiratory equipment, custom power mobility and seating products, and DME. It has been in business for more than 30 years.