Tradecycle Capital, an Indianapolis-based trade finance provider, funded two new revolving accounts payable funding facilities. The first, is a $3 million limit to a private equity owned manufacturer of coated sheet metal products. The second, a $3.5 million limit for an outdoor sporting goods company with a portfolio of dominant brands in the industry. The company is private equity owned and Tradecycle’s product enables the company to expand its purchasing.
Additionally, Tradecycle increased an existing client relationship by $500,000 to support the organic growth of a private equity owned client. 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.
