Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in May and Increases Four Existing

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded two new revolving accounts payable funding facilities in May. The first, is a $4,000,000 limit to a privately owned packager of specialty food products.  They were referred to Tradecycle by a third-party capital raiser, who recognized how Tradecycle’s program augments senior credit facilities.  The second, a $3,000,000 limit for a consumer-packaged goods company with a unique portfolio of specialty food and beverage brands.  The company is private equity owned and was introduced to Tradecycle by the equity firm to enable the company to expand their purchasing. 

Additionally, Tradecycle increased four existing client relationships by $2,500,000 to support the organic growth of their clients.  All accounts payable 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.