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April 01, 2013

Tandem Transit Gets Loan Facility from Thermo Credit



Tandem Transit (News - Alert), a company offering wholesale transit services to U.S. CLEC, ILEC, cable and wireless customers, has recently been granted a loan facility from Thermo Credit, LLC, a funding company.

Since its inception in 2008, Tandem Transit has been offering voice transit service to telecom service providers. An alternative Tandem built over 100% IP Networks, Tandem Transit provides significant cost reductions for carriers seeking to exchange voice traffic with other providers with no barrier to establishing an interconnection agreement.

Tandem Transit has been a choice of many carriers for its competitive rates, alternative routing protocols, redundant network capability and simplicity in peering. Tandem Transit also provides Termination Services and DID origination.

The new loan facility from Thermo Credit (News - Alert) will help Tandem Transit to concentrate more on its corporate growth.

"We are extremely pleased to commence a relationship with Thermo Credit," cites Mike Burns (News - Alert), President of Tandem Transit. "Aligning ourselves with an obvious industry leader who grasps not only our marketing plan but our development efforts makes this a partnership we are looking forward to growing."

Thermo Credit`s accounts receivable lending partner, Thermo Communications Funding, LLC will fund the new facility.

Seth Block, Executive Vice President of Thermo Credit commented, "We are very excited to be entering into this facility with Tandem Transit. We feel that the company is poised for great success in 2013 and we look forward to being a part of that."

Thermo Credit is a privately held funding company offering asset based loans, accounts receivable financing and factoring services exclusively to the communications industry. Thermo Credit serves established, well-run companies that need capital to expand their business, improve their operations or fund an acquisition.

 

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