Thermo Credit has provided a $500,000 factoring facility to Integrity General Engineering Contractors. The California-based company provides underground utility services and plans to use the funds to support working capital requirements associated with the company’s growth, including future plans to expand into the distribution gas space.

“Because we are a start-up, this facility is an extremely important part of our growth model,” said Tony Vedova, Integrity’s CEO. “We needed a flexible solution that recognizes our customers and their AR terms which Thermo Credit was able to provide.”

“Integrity is an example of the type of well-run company with which we are looking to work,” said Seth Block, executive vice president of Thermo Credit . “We feel our facility will take them to the next level.”

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

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