NORCROSS, Ga.-Ameritel Communications Inc. obtained a $20 million credit facility, consisting of both revolving and term loans, with Foothill Capital Corp., a Norwest company, according to USCI Inc.
“Our customer base has expanded to approximately 90,000 subscribers-65,000 cellular subscribers and 25,000 paging subscribers. The bank facility will strengthen our working capital, which will support the continued growth of wireless subscribers,” said Bruce Hahn, chairman and chief executive officer of USCI. Ameritel is a subsidiary of USCI.
The company said it expects Ameritel will be the nation’s second-largest cellular reseller by the end of the year.
