Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded a new $3,000,000 revolving Accounts Payable funding facility for a consumer-packaged goods company with a unique portfolio of specialty food and beverage brands. The company is private equity owned and was introduced to Tradecycle by the equity firm to enable the company to expand their purchasing. 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 cycle and support Sales growth. This enables the companies to improve cash flow and add value to all stakeholders involved in the businesses.