Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded a new $2,500,000 revolving Accounts Payable funding facility for a value-added distributor of fluid power valves and hoses with two distinct business channels, commercial & Department of Defense.
The program enables the company to increase both cash flow and working capital.
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 companies to improve cash flow and add value to all stakeholders involved in the business.
About Tradecycle
Founded in 2016 by Justin Goheen, Tradecycle provides unsecured Accounts Payable Finance solutions that work seamlessly with Senior Credit Facilities to supplement the working capital needs of its clients. The technology driven solution provides an additional tool to assist clients in managing their working capital through extended payment terms.