Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in February

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in February. The first, a $5,000,000 limit to a designer, importer, and distributor of patio and home furnishings that sells throughout the US and Canada.  The second was a $1,000,000 limit to a technology solutions provider that works primarily with public sector clients to implement ongoing technological advancements.  The third was a $500,000 limit to a specialty chemical distribution company that supplies water treatment chemicals to municipalities and commercial customers.  All three programs are unsecured and supplemental to their senior lending facilities.

By extending their Accounts Payable payment terms without stressing their Vendor relationships, all Tradecycle customers draw more working capital into their operating cycles and support Sales growth. This enables the companies to improve cash flow and add 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.