Addvantage Technologies of Carrollton, Texas, said it has signed amendments to its credit facilities for its telecommunications and wireless business segments. According to Addvantage Technologies, a subsidiary its wireless business segment, Fulton Technologies, provides turnkey wireless infrastructure services, including the installation, modification and upgrading of equipment on communication towers and small cell sites for wireless carriers, national integrators, tower owners and equipment manufacturers.
In anticipation of growth in the wireless segment to meet growing demand related to the 5G wireless communications expansion, Addvantage Technologies said it signed an accounts receivable factoring line with Vast Bank, increasing available borrowing capacity from $4 million to $13 million subject to available collateral. The company said that, in addition, it has a line of credit, collateralized by receivables and inventory, for its telecommunications segment, with a maximum available borrowing capacity of $3 million. The result of the new agreements raises the company’s borrowing capacity, subject to available collateral, from $8 million to $16 million. Addvantage Technologies said.
Addvantage Technologies said it operates through its subsidiaries, Fulton Technologies, Nave Communications and Triton Datacom. Nave Communications and Triton Datacom sell equipment and hardware used to acquire, distribute and protect the communications signals carried on fiber-optic cable, coaxial cable and wireless distribution systems. It said the telecommunications segment also offers repair services focused on telecommunication equipment and on recycling surplus and related obsolete telecommunications equipment.