Daily News: July 16, 2014

Thermo Credit Provides T&D Trenchless Loan

Thermo Credit announced it funded a loan facility to T&D Trenchless, a provider of trenchless installation services of utilities and pipelines.

The company will use the facility for corporate growth.

T&D President Tom Van Dyke stated, “It was great to hear what Thermo had to offer us, we had been turned down by so many we had given up trying. They worked through some issues we had and got the deal done. This facility has helped us move forward with some new business.”

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

Seth Block, EVP of Thermo Credit, commented, “We are excited to work with Tom at T&D to help him expand his business. We were pleased to be able to meet all of Tom’s capital requirements at this time.”

Established in 2001, California-based T&D focuses on more difficult and complex trenchless utility and pipeline projects in varying types of soil and solid rock.