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Since 2002 ThermoCredit has been the lender of choice for Communications and Technology companies.  In that time, much has changed, especially in financial services.

We’ve created a list and general definitions of our more common loans and terminology.  With ThermoCredit, you always have options.

Accounts Receivable Financing:

Short-term financing for working capital purposes. Account receivables serve as collateral and loans are made on a percentage of eligible receivables pledged.

Acquisition Loan:

A loan to assist with the purchase or acquisition of another company.

Advance Rate:

The percentage of the face amount of an income stream or account receivable that a funding source will advance to a client.


The gradual repayment of a debt in installments of principal and interest for a defined period of time.

Asset Based:

A business loan where the borrower promises collateral and assets to secure financing.. Funds are used for business related expenses. All asset-based loans are secured.

Chattel mortgage:

A mortgage on personal property used secure a financing.


Something of value which is offered as security to secure financing and guarantee repayment.

Debt instrument:

Payments or debts owed to a lender, which are also known as income streams or cash flow instruments.

Equipment Loans:

Loans used to purchase business-related equipment, like servers, towers, fleet vehicles, and more


The sales of a company's accounts receivable to a third party to obtain financing.


Borrowing funds from a lender, investing those funds in a debt instrument, and giving the lender a security interest in the debt instrument as the collateral for the loan.

Invoice factoring:

The sale of invoices for immediate cash.

Inventory Loans:

Inventory financing is credit obtained by businesses to pay upfront for products that will not be sold immediately.

Line of Credit:

A line of credit is a preset amount of money loaned. You can draw from the line of credit when you need it, up to the

maximum amount.

Purchase Order Loans:

Purchase order, or, “PO financing” is an arrangement where a third party agrees to give a supplier enough money to

fund a customer's purchase order.

Venture Capital:

Money used for investment in enterprises that involve high risk, but offer the possibility of large profits.