Thermo Credit announces USD 1.5m factoring facility with Process Cellular

Thermo Credit, Inc. has completed a USD 1,500,000 factoring facility with Process Cellular, LLC, a wholly owned subsidiary of Bettwork Industries, Inc., the company said.

The Southern California-based company offers general contracting services to the telecommunications industry, specializing in cellular tower construction and maintenance. Thermo Credit successfully negotiated multiple intercreditor agreements in order to provide the funds which will be used to manage cash flow needs in anticipation of continued growth.

Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications and technology industries. Thermo Credit serves established, well-run companies that need capital to expand their business, improve their operations or fund an acquisition. For more information, visit www.thermocredit.com.

ProCell is a turnkey general contractor that specializes in the telecommunications industry & structural engineering/design. ProCell is committed to implementing, developing, improving strategies, management systems and processes to ensure that all of its construction activities uphold the highest level of safety performance. The family-owned business has been operating out of Southern California for over 20 years and its employees hold multiple certifications from Competent Climber & Tower Rescue to Man-lift platform safety.