Thermo Credit provided Gibson Technology Solutions with a $250,000 factoring facility to be used for business expansion.

“We are confident that this factoring facility is going to give Andre and his team the working capital they need to take Gibson Technology to the next level,” said Seth Block, executive vice president of Thermo Credit.

CEO Andre Gibson stated, “I’m very excited. This new business relationship now provides us the opportunity to pursue larger clients and compete with aggressive terms.”

NJ-based Gibson Technology’s services include full outsourcing of an IT department, project based remediation of services and supplemental resources for additional support.

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, specializing in the communications and technology industries.