New Orleans-based Thermo Credit provided a $2 million asset-based loan to Civil Solutions.
The San Diego-based company is a provider of turnkey network solutions specializing in cellular, microwave and broadband networks. The facility will be used by Civil Solutions for working capital and to fund corporate growth.
“I was very impressed with Seth and his team at Thermo Credit. They quickly grasped the nuances of our business and took a ‘big picture’ view of our industry and company and could see the potential in both. We are very happy to be working with them,” said Thomas Zorich, Civil Solutions’ CFO.
Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services.