Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in September
October 10, 2022
Source: Tradecycle
Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded two new revolving accounts payable funding facilities in September. The first, is a $3,000,000 limit to a privately owned manufacturer of bean bag furniture and pool float products. Tradecycle was introduced to the company by their senior lender to assist with foreign sourcing of product. The second, is a $1,500,000 limit for a privately owned oil and gas field services company. A mezzanine lender supporting the company brought Tradecycle in to expand the company’s purchasing power.
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.
