TMCnet News
Thermo Credit, LLC Provides Factoring Facility to SiteSol, Inc.Thermo Credit (News - Alert), LLC announced today that it has provided a $300,000 factoring facility to SiteSol, Inc. The California-based contractor specializes in communications site construction and is an approved vendor for T-Mobile, Verizon (News - Alert), Ericsson and others. The company plans to use the funds for business growth and working capital. Thermo's Executive Vice President Seth Block commented, "SiteSol is poised to have tremendous growth in 2017. We are excited to partner with them to facilitate that growth." Peter Glaeser, SiteSol's president, stated, "We are excited to partner with Thermo Credit. This factoring facility will be used as a financial tool to allow us to cycle our operating capital back into production costs for a more rapid growth. Thermo's unique method of operations allows us to use this tool in the wireless communications indstry. We know of no other factoring company that would allow us to partner with them in this industry." About Thermo Credit, LLC Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications and technology industries. Thermo Credit serves established, well-run companies that need capital to expand their business, improve their operations or fund an acquisition. For more information, visit www.thermocredit.com or contact Seth Block at 504-620-3101. About Site Sol SiteSol, a general contractor licensed in the state of California, is currently an approved vendor for T-Mobile, Verizon, Mastec, Crown Castle, Mobilitie, American Tower, Ericsson (News - Alert), Extenet, and other smaller vendors. SiteSol is staffed with specialists that cover new site builds, site technology upgrades, site integration, emergency response for equipment failure repairs, sweep testing, and fiber installation and splicing. View source version on businesswire.com: http://www.businesswire.com/news/home/20170801005488/en/ |
