Tradecycle Capital Delivers Five New Accounts Payable Finance Facilities in August

Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded five new revolving accounts payable funding facilities in August.  They included a $1,000,000 limit to a family office-backed supplier of component parts to the recreational vehicle industry; a $3,000,000 limit to a privately-owned importer and distributor of bulk sheet and coiled metals, a $1,000,000 limit to a major supplier of solar energy solutions; a $2,000,000 limit to a privately held producer of roasted nut and snack products, and  a $2,500,000 limit to a private equity-backed producer of specialty recycled paper products.  All five 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.