Thermo Credit, Inc. announces the completion of a $1,500,000 factoring facility with Process Cellular, LLC, a wholly owned subsidiary of Bettwork Industries, Inc.
The Southern California based company offers general contracting services to the telecommunications industry, specializing in cellular tower construction and maintenance. Thermo Credit successfully negotiated multiple intercreditor agreements in order to provide the funds which will be used to manage cash flow needs in anticipation of continued growth.
Thermo’s Executive Vice President Seth Block stated, “We anticipate tremendous activity in the tower modification arena in 2019 and beyond. We appreciate the faith that Bob and his team have in entrusting Thermo Credit to be their financial partner moving forward.”
ProCell’s CEO Bob Harden commented, “Seth has made the whole process clean and easy, not only getting the account set up but maintaining our ongoing process. The Thermo team is very responsive to our requests and makes sure everything is balanced and correct. It is like having a big THERMO blanket in a blizzard!”
About Thermo Credit, LLC
Thermo Credit is a privately held funding company that provides asset based loans, accounts receivable financing and factoring services primarily to the communications and technology industries. 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.
About ProCell, LLC
ProCell is a turnkey general contractor that specializes in the telecommunications industry & structural engineering/design. ProCell is committed to implementing, developing, improving strategies, management systems and processes to ensure that all of its construction activities uphold the highest level of safety performance. The family owned business has been operating out of Southern California for over 20 years and its employees hold multiple certifications from Competent Climber & Tower Rescue to Man-lift platform safety.
ProCell is a wholly owned subsidiary of Bettwork Industries, Inc. Bettwork has become a provider of turnkey network solution in the telecommunications infrastructure market. Bettwork’s subsidiary companies provide program management, engineering, construction, maintenance and installation services for telecommunications providers, as well as additional services for electric and gas utilities. Bettwork provides the labor, tools and equipment necessary to design, engineer, locate, maintain, expand, install and upgrade the infrastructure of its customers.