NEW ORLEANS, LA – January 26, 2009 – Thermo Credit, LLC, a funding company focused exclusively on opportunities in the telecommunications industry, announced that it has provided New Jersey-based SNIP LINK, LLC, a facilities-based CLEC, with an $800,000 asset based loan to be used for operational expansion.
Phil Pedone, Vice President of Sales for Thermo Credit commented, “SNIP is the type of company which can really benefit from our services. Established since 1995, SNIP has a strong management team, provides excellent services and has solid growth prospects. Marc and his team have been a pleasure to work with and we feel the facility we put in place will help them achieve their goals.”
Marc Gilbert, Managing Director of SNIP, commented “The financing gives us the ability to expand our network while the company is experiencing significant organic growth.”