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Frequently Asked Questions
Q) Who is Thermo Credit, LLC?
A) Thermo Credit, LLC is a receivables funding company specializing in the Telecom Industry. Thermo Credit serves established, well-run telecommunications companies that need capital to expand their businesses.
Q) Who does Thermo Credit, LLC work with?
A) Thermo Credit works with long distance resellers, competitive local exchange carriers, internet service providers, wireless carriers, and various other telecom companies to provide funding.
Q) What size companies does Thermo Credit, LLC work with?
A) Our clients range from start up companies to those that are billing in excess of $15 million per month.
Q) Can I use the funds to acquire another company?
A) Yes. In many instances you can use the assets of the company you are acquiring to help fund a deal.
Q) Does my business qualify for a Thermo Credit Facility?
A) Our guidelines are very simple: if you have assets related to the telecom industry, you may qualify.
Q) Are asset based facilities used by companies in financial "trouble"?
A) These facilities can give your business the power to grow without giving away equity or taking on debt. Financially smart companies can use this facility as a powerful tool to release capital tied up in the company's assets.
Q) How are Thermo Credit's asset based facilities different from a bank loan?
A) Most bank loans require working capital ratio requirements with covenants that can lead to additional charges or a calling of the loan. In most cases, a facility from Thermo Credit, LLC will not have these requirements.
Q) Will I have to sign a personal guarantee?
A) No.
Q) How long is my contract with Thermo Credit?
A) Our agreements typically have a two year term.
Q) How long does it take to get a facility in place?
A) Not as long as you might think. There is a due diligence process that we conduct, so the quicker we complete this step, the quicker the funding takes place.
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