News

New Orleans, LA – January 26, 2010 – Thermo Credit, LLC, the leading provider of financial services to the telecommunications industry, today announced the funding of a $4.5 million facility to Access Point, Inc.

Located in North Carolina, Access Point is a nationally certified CLEC to large and medium sized businesses and offers Local and Long Distance services, as well as VoIP, Integrated, Internet and Managed Data services.

Phil Pedone, Thermo Credit’s Vice President of Sales commented, “We are excited to be working with a company and management team the caliber of Access Point.  I believe the facility we have put in place will allow them to take advantage of the tremendous growth opportunities their national certification has provided.”

Richard Brown, CEO of Access Point said, “Working with Thermo Credit to define a program that would meet Access Point’s capital needs today and well into the future has been a great pleasure.  They are extremely knowledgeable about the inner workings of the telecommunications industry and that made putting together a transaction much easier than with lenders outside the industry.  Thanks for a great job and an easy transition!”