ThermoCredit entered into an agreement to provide a $250,000 line of credit to ASC Partners, a privately held holding company for a variety of assets, to fund the growth of the company’s business interests.

“ASC Partners approached ThermoCredit about a creating a credit facility to help fund other business opportunities and we were only too happy to be their finance company of choice,” Seth Block, executive vice president of ThermoCredit, said. “Clients like ASC Partners are the kinds of companies ThermoCredit works with every day. ThermoCredit is about funding our client’s business roadmap so they can meet their financial goals.”

“Selecting ThermoCredit was not a difficult choice for us. The company has been easy to work with and their approval process was quick compared to other lenders,” Neil Maslansky of ASC Partners said. “This additional line of credit will give us a little extra financial agility for the right opportunities and provide support to our other business interests. ThermoCredit met our financial needs and we are very happy with the results.”

ThermoCredit is a privately-held funding company providing financial solutions in the form of asset-based loans, accounts receivable financing and factoring services.