Thermo Credit, LLC announced that it extended a USD 1,150,000 line of credit to Digerati Technologies, Inc., the company said.
Thermo Credit was able to utilize its flexible funding solutions and offer a combined financing structure in order for Digerati to complete the first of a series of acquisitions. The facility includes a USD 500,000 revolving line of credit as well as a USD 650,000 term note.
Digerati is a Texas-based provider of technology and communications services to small, medium, and enterprise businesses nationwide. Digerati used the financing provided by Thermo Credit to complete the acquisition of T3 Communications, Inc. (“T3”), a provider of cloud communications and broadband solutions in Southwest Florida.
Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications industry. 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 or contact Seth Block at 504-620-3101.