Thermo Credit Funds Emergent Technologies Factoring Facility
Thermo Credit announced it provided a $300,000 factoring facility to Atlanta-based Emergent Technologies Group. The facility will be funded by Thermo Credit’s lending partner, Thermo Communications Funding.
Thermo Credit specializes in the telecommunications arena and provided the facility to the minority- and veteran-owned wireless company in order to help Emergent finance corporate growth.
Seth Block, Thermo’s EVP commented, “We feel that our facility will be very helpful in giving Emergent the working capital it needs to progress to the next level.”
Emergent’s founder and majority owner, Ron Pearcey, stated, “The capitol support from Thermo will play a huge part in helping Emergent continue its incredible growth for this year and years to come.”