Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded a new $500,000 revolving Accounts Payable funding facility 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 program is 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.