Tradecycle Capital, an Indianapolis-based trade finance provider, funded two new revolving accounts payable funding facilities in September, including a $3.5 million limit to a privately held third party logistics provider and a $300,000 limit to a manufacturer of specialty HVAC equipment for industrial and government buildings.
The logistics provider came to Tradecycle after receiving payments from Tradecycle. A senior lender referred the manufacturer to Tradecycle. Both facilities are unsecured and supplemental to each company’s senior lending facilities.
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.
