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April 27, 2011

Thermo Credit Expands Funding to All Access Telecom

By Rajani Baburajan, TMCnet Contributor

Thermo Credit (News - Alert), an asset based lender focused on funding the telecom industry, announced the expansion of its funding to All Access Telecom to $500,000.

All Access Telecom, an international wholesale Voice over Internet Protocol (VoIP) carrier, will utilize the increased funds to support its continued growth and to assist in future business expansion.

“Thermo Credit continues to fuel our continued growth in the domestic carrier market from a solid financial perspective,” said Lamar Carter, president of All Access Telecom, in a statement.

“We are excited to be expanding this facility with All Access. They have really performed well since we started funding them and we believe this expansion will help them grow and make the company even stronger,” said Seth Block, executive vice president, Thermo Credit.

Thermo Credit recently announced that the company opened a new office in Los Angeles. The opening of new office is part of the company’s expansion strategy and has plans to further the expansion within the year.

The funding company has also revamped the Executive and Leadership team with a new vice president of sales, vice president of operations and business development officer.

Thermo Credit caters to the needs of companies in every segment of the communications market including Long Distance, VoIP, Triple Play (News - Alert), Wholesale, Wireless, ISPs, CLECs and Content Providers.

Recently, All Access Telecom announced that after turning to Global Convergence Solutions (GCS) products for rating and routing management last August, All Access Telecom found that its company exponentially exploded.

GCS, a Next Gen Network Solutions (News - Alert) provider of Dynamic Routing and Routing solution, aims to reshape how communications service providers acquire, manipulate and disseminate information across disparate networks and technologies.

Rajani Baburajan is a contributing editor for TMCnet. To read more of Rajani's articles, please visit her columnist page.

Edited by Juliana Kenny

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