Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in November

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in November. The first, is a $2,000,000 limit to a private equity owned specialty merchandising company who needed additional support for sourcing product offshore.  The second, a $500,000 limit is for a precision welder and fabricator of exotic metals, which was referred to Tradecycle by their senior lender.  The third new relationship is a management owned distributor of Specialty Bar Quality Steel, which needed to accelerate payments to global suppliers. 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.