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Thermo Credit, LLC is acquired by First Avenue Funding which will allow Thermo to Expand its Financial Services Offerings

 

New Orleans, LA — July 8, 2024 — Thermo Credit, LLC, a 20 plus year provider of funding solutions for the communications and technology industries, announces it has been acquired by First Avenue Funding, (FAF), based in Birmingham, Alabama. 

 

This acquisition allows Thermo Credit to broaden its financial offering and create an environment that offers Seth Block, Thermo’s current executive, access to capital and give support to allow Seth to take advantage of his referral network built through 20 plus years in the commercial finance space. 

 

As part of the acquisition, Thermo’s senior account executive Michael Larocca has joined FAF’s back office team.  This will make for a seamless transition for the legacy Thermo relationships and accounts. 

 

Seth Block will become the National Sales Director for both First Avenue Funding and Thermo Credit. “I am thrilled to be joining the team at First Avenue Funding,” said Seth Block, EVP of Thermo Credit. “This is the deal we have been looking for as it allows us to continue our tradition of being the go-to lender in the communications/technology space.”

 

Added Ron Williamson, Managing Member of First Avenue Funding, “With the addition of Thermo Credit's assets to FAF's portfolio, including their experienced team, it will facilitate our future growth plans."

 

About Thermo Credit, LLC

Thermo Credit, LLC is a finance company focused on providing asset-based loans, accounts receivable financing, and back-office solutions to businesses in the telecommunications, technology, and energy sectors. With a deep understanding of these industries, Thermo Credit offers customized financial solutions designed to help businesses grow and succeed.

 

About First Avenue Funding

 First Avenue Funding, (FAF), based in Birmingham, Alabama.  FAF provides working capital solutions for small to medium sized businesses nationwide.  Line sizes typically range in the 500K to 10M to 20M. FAF provides factoring, AR lines of credit, inventory, and equipment or real estate in certain situations. FAF also partners with participating banks and other commercial finance companies.


Contact FAF at (205) 578-6859 or visit www.firstavenuefunding.com

 

For more information, please email Seth@thermocredit.com

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