Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities in April

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities in April. The first, is a $1,000,000 limit to a privately owned bottler and distributor of specialty wines.  They were referred to Tradecycle by their senior lender, who can eliminate PACA claims in their borrowing base through Tradecycle’s program.  The second, a $500,000 limit for a specialty wood product manufacturer supplying into hobby and craft stores.  The company recently closed on two SBA credit facilities to execute an ownership change and Tradecycle will support growth in working capital.  The third, a $3,000,000 limit for a private equity owned company providing quality repair, restoration, strengthening, protection, and maintenance of concrete structures. They were referred to Tradecycle by their senior lender.  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.