Thermo Credit has funded a loan facility to T&D Trenchless, a provider of trenchless installation services of utilities and pipelines.
The California-based company, which focuses on more difficult and complex trenchless utility and pipeline projects in varying types of soil and solid rock, will use the facility for corporate growth.
“It was great to hear what Thermo had to offer us, we had been turned down by so many we had given up trying,” said T&D’s president Tom Van Dyke. “They worked through some issues we had and got the deal done. This facility has helped us move forward with some new business.”
The facility–the amount was not announced–will be funded by Thermo Credit’s lending partner, Thermo Communications Funding.
“We are excited to work with Tom at T&D to help him expand his business,” said Seth Block, executive vice president of Thermo Credit. “We were pleased to be able to meet all of Tom’s capital requirements at this time.”
