Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities and Increases Facilities for Two Other Clients in February

Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded two new revolving accounts payable funding facilities and upsized two existing clients in February. The first, is a $3,500,000 limit to a private equity owned distributor of RV and marine parts and accessories who needed additional support for Sales growth.  The second, a $500,000 limit is for a precision PET plastic injection molder seizing the opportunity to reshore production for a major customer.  The company was referred to Tradecycle by their senior lender. 

Tradecycle was also able to upsize to $6,000,000 a relationship with a management owned distributor of Specialty Bar Quality Steel, which needed to accelerate payments to global suppliers. Additionally, Tradecycle doubled a facility to $4,000,000 for a private equity owned specialty merchandising company who needed additional support for sourcing product offshore.  All four 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.