Tradecycle Capital, an Indianapolis-based trade finance provider, funded two revolving accounts payable funding facilities in September. The first is a $3 million limit to a privately owned manufacturer of bean bag furniture and pool float products. Tradecycle was introduced to the company by its senior lender to assist with foreign sourcing of product. The second is a $1.5 million limit for a privately owned oil and gas field services company. A mezzanine lender supporting the company brought Tradecycle in to expand the company’s purchasing power.
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.
