Daily News: December 18, 2013

Thermo Credit Provides A/R Financing to River Bend Geo

Thermo Credit announced it provided $1 million in accounts receivable financing to Texas-based River Bend Geo Services.

The facility will be funded by Thermo Credit’s lending partner, Thermo Communications Funding.

Seth Block, EVP of Thermo Credit, commented, “We are pleased to provide this facility to River Bend. Their service is on the cutting edge of the water treatment industry and I have enjoyed the opportunity to work with the River Bend team.”

CEO Ron Hughes stated, “Thermo Credit’s revolving facility will allow us to capitalize on an incredible year of growth by providing River Bend with the ability to move even faster. I like to characterize it as pouring gasoline on raging fire.”

River Bend Geo Services is a group of oil and gas professionals with a history in pipeline construction, municipal water treatment construction, water sourcing, water transfer and chlorine dioxide water treatment.