Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded a new $2,500,000 revolving Accounts Payable funding facility for a tier one automotive industry supplier with a focus on exterior features whose clients include Ford, Toyota and GM.
By extending their Accounts Payable payment terms, the program enables the company to support the PPAP process and timing of payments.
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.