Tradecycle Capital, an Indianapolis-based trade finance provider, funded three revolving accounts payable funding facilities in April. All three programs are unsecured and supplemental to senior lending facilities.
The first was a $1 million limit to a privately-owned bottler and distributor of specialty wines. The company was referred to Tradecycle by its senior lender, who can eliminate PACA claims in its borrowing base through Tradecycle’s program.
The second was a $500,000 limit for a specialty wood product manufacturer supplying into hobby and craft stores. The company recently closed on two SBA credit facilities to execute an ownership change and Tradecycle will support growth in working capital.
The third was a $3 million limit for a private equity owned company providing quality repair, restoration, strengthening, protection and maintenance of concrete structures. The company was referred to Tradecycle by its senior lender.
