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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. With ThermoCredit, you always have options.

We’ve created a list and general definitions of our more common loans and terminology. 

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 is 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 is used to secure financing.


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

Debt instrument:

Payments or debts owed to a lender, 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:

A 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.

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