Thermo Credit provided a $2 million factoring facility to Xperttechnology. The Miami-based telecom company intends to utilize the additional capital for growth and business expansion.

“For us, working with a company like Thermo is a great opportunity to grow and explore our potential to the fullest. We are very excited with this new alliance,” Xperttechnology’s President Carolina Martins said.

“Xpert is poised to see tremendous growth over the next few years. I am pleased that our facility will provide the working capital they need achieve that growth,” said Seth Block, executive vice president of Thermo.

Thermo Credit is a privately held funding company that provides asset-based loans, accounts receivable financing and factoring services primarily to the communications industry.