Thermo Credit has provided a $300,000 factoring facility to SiteSol Inc.
The California-based contractor specializes in communications site construction and is an approved vendor for T-Mobile, Verizon, Ericsson and others. The company plans to use the funds for business growth and working capital.
“SiteSol is poised to have tremendous growth in 2017,” said Thermo’s executive vice president, Seth Block. “We are excited to partner with them to facilitate that growth.”
Peter Glaeser, Sitesol’s president, added: “We are excited to partner with Thermo Credit. This factoring facility will be used as a financial tool to allow us to cycle our operating capital back into production costs for a more rapid growth. Thermo’s unique method of operations allow us to use this tool in the wireless communications industry. We know of no other factoring company that would allow us to partner with them in this industry.”
