Thermo Credit, LLC Joins First Avenue Funding to Expand Financial Services Offerings

New Orleans, LA — Thermo Credit, LLC, a leading provider of funding solutions for the communications and technology industries, proudly announces it has been acquired by First Avenue Funding, one of the fastest growing alternative lenders in the country that provides working capital solutions for small to medium sized businesses that need the right funding to realize their potential.

This acquisition allows Thermo Credit to broaden its financial services portfolio and enhance its capacity to support a diverse range of businesses. By joining forces with First Avenue Funding, Thermo Credit will be able to improve funding options by offering larger facilities and more flexibility.

Thermo’s clients can expect to receive the same renowned customer service they have always received from the portfolio management team headed up by Michael LaRocca.

Seth Block will become the National Sales Director for First Avenue Funding while maintaining the same role with Thermo Credit. “I am thrilled to be joining the team at First Avenue Funding,” said Seth Block, EVP of Thermo Credit. “This is the deal we have been looking for as it allows us to continue our tradition of being the go-to lender in the communications/technology space.”

First Avenue Funding, known for its innovative and customized funding solutions, will benefit from Thermo Credit’s industry-specific knowledge and extensive experience. This synergy will enable both firms to enhance their service offerings, thus providing greater value to their clients through tailored financing options that allow businesses to seize the opportunities in front of them.

“Our acquisition of Thermo Credit represents a step forward in our growth strategy,” said Ron Williamson, Managing Member of First Avenue Funding. “We are excited to combine our strengths and deliver exceptional financial services that drive success for our clients. This partnership will enable us to reach new heights in the alternative financing industry.”

Clients of Thermo Credit can expect seamless integration into the First Avenue platform. 

Thermo Credit and First Avenue Funding are committed to maintaining the highest standards of customer service and continuing to build long-term relationships with their clients. As they move forward together, both companies remain dedicated to supporting businesses in achieving their financial goals.

About Thermo Credit, LLC

Thermo Credit, LLC is a finance company focused on providing asset-based loans, accounts receivable financing, and back-office solutions to businesses in the telecommunications, technology, and energy sectors. With a deep understanding of these industries, Thermo Credit offers customized financial solutions designed to help businesses grow and succeed.

About First Avenue Funding

First Avenue Funding specializes in providing alternative funding solutions to businesses across various industries. With a commitment to innovation and client-focused service, First Avenue Funding offers a range of financial products, including factoring, asset-based lending, and purchase order financing.

For more information, please email Seth@thermocredit.com