Thermo Credit provided a $350,000 asset-based loan to H/Cell Energy (HCCC), a company that designs and implements clean energy solutions featuring hydrogen energy systems. The facility was used to finance an acquisition that expands the geographic reach, technical services capability and customer base for HCCC.
“Thermo Credit is excited to branch out into renewable energy and provide HCCC the financing needed to support their acquisition strategy. As HCCC continues to grow with their leading edge clean energy technology, we look forward to serving the company as their financial partner for future acquisitions,” said Seth Block, executive vice president of Thermo Credit.
Thermo Credit is a privately-held funding company that provides asset-based loans, accounts receivable financing and factoring services and specializes in the technology and communications industries.
