Channel-friendly carrier’s carrier All Access Telecom has snagged additional funding for its growth initiatives: Thermo Credit LLC. Thermo has extended its line of credit from $1 million to $2.4 million in a joint funding round with Gulf South Receivables Fund.
All Access, a Texas-based wholesale termination provider, is using the financing to support its “continued corporate growth and expansion,” it said, which translates to the building of its own network. To date the company has relied on a virtual reseller and VoIP-based model to offer services via its agents and other distribution channels.
“All Access Telecom has experienced strong measured growth in our wholesale termination business since partnering with Thermo Credit and Gulf South,” said All Access president Lamar Carter. “This next round of funding will provide a launch pad enabling us to offer facility-based services. Our constant goal is to provide even greater savings and quality services to our clients.”
Thermo Credit is a finance provider focused exclusively on opportunities within the communications industry. The renewal with All Access is the latest in the companies’ three-year financial relationship.
“All Access has shown tremendous growth since the beginning of our relationship,” said Seth Block, executive vice president of Thermo Credit. “The company has excellent potential moving forward and we are pleased to be a part of that.”