Thermo Credit closed a $500,000 factoring facility with UCI2.
The 17-year-old Tampa-based company provides cellular network construction, upgrade and maintenance services, including the resources for new construction, as well as repairs and restoration. The financing will be used for working capital and business expansion.
“With the major expansion and technology upgrades the cellular carriers are doing over the next several years, Thermo Credit will enable us to keep up with the growth and service run rates they need,” said Todd Schlemmer, COO of UCI2._x000D_
Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications and technology industries.
