Tradecycle Capital, an Indianapolis-based trade finance provider, funded two new revolving accounts payable funding facilities in November, including one for $750,000 to a manufacturer of indoor/outdoor specialty lighted signage and another for $1.5 million to an automotive lighting and component manufacturer.
By extending accounts payable payment terms without stressing vendor relationships, both companies will be able to draw more working capital into their operating cycles and support sales growth.
Founded in 2016 by Justin Goheen, Tradecycle provides unsecured accounts payable finance solutions that work with senior credit facilities to supplement the working capital needs of clients.
