Daily News: January 10, 2018

Thermo Credit Provides $1MM L/C to C3


Thermo Credit extended a $1 million line of credit to Cloud Computing Concepts (C3), a Florida-based technology and communications service provider. C3 plans to use the financing to complete two strategic all cash acquisitions.

“We are excited to be working with Thermo Credit,” stated Rick Mancinelli, C3’s CEO. “They have demonstrated a thorough understanding of our business model and their incredible team brings several value add-ons to the relationship that other lenders simply cannot match.”

“C3 is poised to have significant growth in 2018 organically as well as through strategic acquisitions,” said Thermo’s Executive Vice President Seth Block. “We are thrilled to be their partner during this exciting time.”

Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications industry.