NEW ORLEANS, LA – July 15, 2014 – Thermo Credit, LLC, a funding company focused on the communications industry, announced today that it has funded a loan facility to T&D Trenchless, a provider of trenchless installation services of utilities and pipelines.
Established in 2001, California based T&D focuses on more difficult and complex trenchless utility and pipeline projects in varying types of soil and solid rock. The company will use the facility for corporate growth. T&D’s President Tom Van Dyke stated, “It was great to hear what Thermo had to offer us, we had been turned down by so many we had given up trying. They worked through some issues we had and got the deal done. This facility has helped us move forward with some new business.”
The facility will be funded by Thermo Credit’s lending partner, Thermo Communications Funding.
Seth Block, Executive Vice President of Thermo Credit commented, “We are excited to work with Tom at T&D to help him expand his business. We were pleased to be able to meet all of Tom’s capital requirements at this time.”
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 industry. 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 T&D Trenchless
T&D Services was formed solely to provide trenchless installation services of utilities and pipelines and has been providing these types of service since 2001. T&D has a wide variety of clients with a wide variety of requirements. T&D has focused on more difficult and complex projects from the inception of the company.