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April 28, 2011

Thermo Credit Aids All Access Telecom Facility

By Jyothi Shanbhag, TMCnet Contributor

Thermo Credit (News - Alert), a private funding company offering asset based loans, accounts receivable financing and factoring services exclusively to the communications industry, has recently offered its helping hand to All Access Telecom with $500,000 for facility expansion.

Seth Block, Thermo Credit’s Executive Vice President, commented on the expanded relationship with All Access, “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.”

The recently released amount will be utilized by the Texas-based company to support its continued aggressive growth and to aid in future business expansion.

Lamar Carter, All Access Telecom’s President added, “Thermo Credit continues to fuel our continued growth in the domestic carrier market from a solid financial perspective.”

Thermo Credit caters to the needs of established companies in every segment of the communications market including Long Distance, VoIP, Triple Play (News - Alert) (News - Alert), Wholesale, Wireless, ISPs, CLECs and Content Providers. Clients who need to leverage the services of Thermo Credit are required to clear some of the essential criteria such as, should be in a Communications or Internet related business; with North American-based assets; with a minimum monthly revenue of $300,000; having EBITDA positive now or near term; and with a minimum of $500,000 facility.

Thermo Credit recently announced that the company has opened a new office in Los Angeles, CA (News - Alert). Apart from the Los Angeles premises, Thermo Credit also an East Coast office located in Charleston, SC. The opening of new office is part of the company’s expansion strategy and has plans to further the expansion within the year.

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

Edited by Rich Steeves

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