Tradecycle Capital Delivers Two New Accounts Payable Finance Facilities in July

Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded two new revolving accounts payable funding facilities in July. The first, is a $3,000,000 revolving accounts payable funding facility for a privately owned wholesale distributor of moderately priced furniture.  They were referred to Tradecycle by their senior lender to augment the company’s liquidity and purchasing power.  The second is a $2,000,000 revolving accounts payable funding facility for a manufacturer of specialty candy and gift products.  The company is privately owned and was introduced to Tradecycle by their senior lender, who recognized how Tradecycle’s program augments liquidity.  Both 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.