- Summit Midstream Partners, LP Announces Pricing of Upsized Offering of $575 Million of Senior Secured Second Lien Notes Due 2029
- Ares Commercial Finance has Provided a $45 Million Senior Secured Revolving Line of Credit to Southern States Cooperative, Inc.
- Slope, AI-Led B2B Payments Platform, Secures $65 Million Strategic Equity and Debt Funding Provided by J.P. Morgan and Others
- Crystal Financial and Second Avenue Capital Partners Co-Agent a $40 Million Senior Secured Credit Facility for Jackrabbit
- Stellantis Announces Successful Amendment and Maturity Extension of €12 Billion Syndicated Revolving Credit Facility
Tradecycle Capital Funds a new $3,000,000 Revolving Accounts Payable Funding Facility for a Distribution Company
January 8, 2024
Source: Tradecycle Capital
Tradecycle Capital, an Indianapolis-based trade finance provider, announced it funded a new $3,000,000 revolving accounts payable funding facility for a distribution company that provides consumer products to travel centers, convenience stores and other retail outlets.
The program enables the company to support the expansion of inventory as they onboard new client locations.
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.
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