Thermo Credit Increases All Access Telecom Facility
Thermo Credit LLC, a privately held financial services company focused solely on the communications industry, announced the joint funding of All Access Telecom with its financial partner Gulf South Receivables Fund.
The Texas-based telecom company received an additional $400,000 in working capital. Seth Block, Thermo Credit’s executive vice president, stated, “We are very excited that we were able to increase All Access’s facility. They have exceeded their sales projections while running a first class operation. We are also pleased to be working with Gulf South in participating this facility and hope to do much more with them in the future.”
Lamar Carter, president of All Access, said, “This concludes our third round of funding from Thermo Credit as they continue to support our domestic termination growth strategy at All Access Telecom. With the current tight capital markets, Thermo Credit has proven to be an integral part of our success since our inception in November 2009. We are very excited to be working with Gulf South on the increase of our facility. This round of funding will be instrumental as we venture to diversify our service offering with the launch of our 800 INTRUDER carrier service for 2012.”
Kyle Saucier, fund manager of the Gulf South Receivables Fund, stated, “We are very pleased to assist in the growth of All Access Telecom and to participate in our first transaction with Thermo. We look forward to working with Thermo in the future and hope to help other businesses grow and expand through our partnership.”
Thermo Credit is a privately held funding company that provides asset-based loans, accounts receivable financing and factoring services exclusively to the communications industry.
All Access Telecom is an international wholesale carrier with points of termination worldwide that give customers access to all strategic markets across the globe.
The Gulf South Receivables Fund is a privately held investment fund focused on participating in accounts receivable financing transactions.