NEW ORLEANS, LA – September 9, 2014 – Thermo Credit, LLC, a funding company focused on the communications industry, announced today that is has provided a $300,000 factoring facility to Atlanta based Emergent Technologies Group.
Thermo Credit specializes in the telecommunications arena and provided the facility to the minority and veteran owned wireless company in order to help Emergent finance corporate growth. Seth Block, Thermo’s Executive Vice President commented, “We feel that our facility will be very helpful in giving Emergent the working capital it needs to progress to the next level”.
Emergent’s founder and majority owner Ron Pearcey stated, “The capitol support from Thermo will play a huge part in helping Emergent continue its incredible growth for this year and years to come”.
The facility will be funded by Thermo Credit’s lending partner, Thermo Communications Funding.
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 Emergent Technologies Group, LLC
Emergent Technologies Group specializes in wireless network deployments and integration, civil construction of wireless systems, RF and system engineering of mobile broadband and wireless networks, staff augmentation services for the telecom space, and technical services for government entities. In addition, it also serves as a Value Added Reseller of telecommunications equipment manufactured by ZTE, a major multibillion dollar global supplier of advanced, innovative telecom technology.