Tradecycle Capital Delivers Three New Accounts Payable Finance Facilities and Increases One Existing

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded three new revolving accounts payable funding facilities. The first, is a $3,000,000 limit to a private equity-owned manufacturer of ladder systems.  The second, a $1,750,000 limit for a family-owned MRO supply company serving the multi-family housing industry.  The third, a $3,500,000 limit for a multi-generationally owned manufacturer of home and office furniture. 

Additionally, Tradecycle increased an existing client relationship by $2,000,000 to support the organic growth of a client in the metals business.  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.