Tradecycle Capital, an Indianapolis-based trade finance provider, funded two revolving accounts payable funding facilities in July. The first, is a $3 million revolving accounts payable funding facility for a privately owned wholesale distributor of moderately priced furniture. The company was referred to Tradecycle by its senior lender to augment the company’s liquidity and purchasing power. The second, a $2 million revolving accounts payable funding facility for a manufacturer of specialty candy and gift products. The company is privately owned and was introduced to Tradecycle by its senior lender, who recognized how Tradecycle’s program augments liquidity. Both 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.
