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Debt & Specialty Finance
thermocredit.com

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Investments

6

Portfolio Exits

1

Partners & Customers

1

About Thermo Credit

Thermo Credit is a privately held funding company that provides asset based loans and factoring services exclusively to the communications industry. Thermo Credit targets established companies in every segment of the communications market including Long Distance, VoIP, Triple Play, Wholesale, Wireless, ISPs, CLECs and Content Providers.

Thermo Credit Headquarter Location

639 Loyola Avenue Suite 2565

New Orleans, Louisiana, 70113,

United States

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Latest Thermo Credit News

ThermoCredit Creates Credit Facility for ASC Partners

Jul 15, 2021

ThermoCredit LLC, a funding and fintech company, has created a $250,000 line of credit for ASC Partners to fund the growth of their other business interests Thermo Credit LLC has entered into an agreement with ASC Partners to provide a rapid access credit facility. The $250,000 factoring facility has been created for ASC Partners to continue growth of other business interests. “ASC Partners approached ThermoCredit about a creating a credit facility to help fund other business opportunities and we were only too happy to be their finance company of choice,” said Seth Block, ThermoCredit’s Executive Vice President. “Clients like ASC Partners are the kinds of companies ThermoCredit works with every day. ThermoCredit is about funding our client’s business roadmap so they can meet their financial goals.” Neil Maslansky of ASC Partners stated, “Selecting ThermoCredit was not a difficult choice for us. The company has been easy to work with and their approval process was quick compared to other lenders. This additional line of credit will give us a little extra financial agility for the right opportunities and provide support to our other business interests. ThermoCredit met our financial needs and we are very happy with the results.” Since 2002 Thermo Credit has provided funding for hundreds of businesses in the Communications and Technology industries. As a privately held funding company, ThermoCredit has access to significant funding resources and has provided over $1,000,000,000 worth of capital to companies with growth plans. Our team is comprised of people who come from a range of financial backgrounds, including tier one investment banking houses, business founders, and credit analysts. Thermo Credit is not a bank or venture capital. We are a lender providing financial support to your business while you keep control. ThermoCredit helps remove the roadblocks on your roadmap to success. Thermo Credit is a privately held funding company providing financial solutions in the form of asset based loans, accounts receivable financing, factoring services, and more. Since 2002, ThermoCredit has provided over $1,000,000,000 in financing to hundreds of companies seeking alternatives to conventional banking. Financial liquidity options to growing companies, while allowing ownership to retain equity is the cornerstone of ThermoCredit’s business focus.

Thermo Credit Investments

6 Investments

Thermo Credit has made 6 investments. Their latest investment was in ProCell as part of their Line of Credit on August 8, 2019.

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Thermo Credit Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

8/28/2019

Line of Credit

ProCell

$1.5M

Yes

1

7/23/2019

Loan

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$99M

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10

3/16/2017

Loan

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$99M

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10

10/5/2016

Line of Credit

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$99M

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10

10/25/2010

Debt

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$99M

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0

Date

8/28/2019

7/23/2019

3/16/2017

10/5/2016

10/25/2010

Round

Line of Credit

Loan

Loan

Line of Credit

Debt

Company

ProCell

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Amount

$1.5M

$99M

$99M

$99M

$99M

New?

Yes

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Co-Investors

Sources

1

10

10

10

0

Thermo Credit Portfolio Exits

1 Portfolio Exit

Thermo Credit has 1 portfolio exit. Their latest portfolio exit was Access Point on October 01, 2018.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

10/1/2018

Acquired

$99M

4

Date

10/1/2018

Exit

Acquired

Companies

Valuation

$99M

Acquirer

Sources

4

Thermo Credit Partners & Customers

1 Partners and customers

Thermo Credit has 1 strategic partners and customers. Thermo Credit recently partnered with SiteSol on August 8, 2017.

Date

Type

Business Partner

Country

News Snippet

Sources

8/1/2017

Partner

United States

Thermo Credit, LLC Provides Factoring Facility to SiteSol, Inc.

Peter Glaeser , SiteSol 's president , stated , `` We are excited to partner with Thermo Credit , LLC .

1

Date

8/1/2017

Type

Partner

Business Partner

Country

United States

News Snippet

Thermo Credit, LLC Provides Factoring Facility to SiteSol, Inc.

Peter Glaeser , SiteSol 's president , stated , `` We are excited to partner with Thermo Credit , LLC .

Sources

1

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