Thermo Credit, Inc. announced today the closing of a $500,000 factoring facility with UCI2, LLC.
The seventeen-year-old Tampa-based company provides cellular network construction, upgrade and maintenance services, including the resources for new construction, as well as repairs and restoration. The acquired financing will be used for working capital and business expansion.
Thermo’s Executive Vice President Seth Block stated, “Several major telecommunications carriers have chosen UCI2 to handle their network expansion and upgrade needs. We are excited to work with Todd and his team as their business grows to the next level.”
Todd Schlemmer, COO of UCI2 stated, “With the major expansion and technology upgrades the cellular carriers are doing over the next several years, Thermo Credit will enable us to keep up with the growth and service run rates they need.”
About Thermo Credit, LLC
Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications and technology industries. Thermo Credit serves established, well-run companies that need capital to expand their business, improve their operations or fund an acquisition. For more information, visit www.thermocredit.com or contact Seth Block at 504-620-3101.
About UCI2, LLC
UCI2, LLC offers construction and installation of communication infrastructure for cellular, PCS, CLEC, and fixed and mobile broadband based networks. The company provides network and microwave design, implementation, and maintenance of customer owned back-haul infrastructures; and a range of cell site equipment installation optimization and integration services to support carriers, and to maintain competitiveness and value added wireless services. It also offers testing and inspections, management programs, co-location brokering, site certification, and more.
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