Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in December

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded two new revolving accounts payable funding facilities in November. The first, a $500,000 limit to a precision machining shop that focuses primarily on the automotive industry. The second was a $1,000,000 limit to a Canadian manufacturer of precision molds for injection molding of automotive parts. Both programs are supplemental to their senior lending facilities.

By extending their accounts payable payment terms without stressing their vendor relationships, both companies will be able to draw more working capital into their operating cycles and support sales growth. This enables the companies to improve cash flow and adding value to all stakeholders involved in the businesses.

About Tradecycle

Founded in 2016 by Justin Goheen, Tradecycle provides unsecured Accounts Payable Finance solutions that work seamlessly with Senior Credit Facilities to supplement the working capital needs of its clients.  The technology driven solution provides an additional tool to assist clients in managing their working capital through extended payment terms.  For more information visit www.tradecyclecapital.com.