Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded a new $1,000,000 revolving Accounts Payable funding facility for a privately owned bottler and distributor of specialty wines. They were referred to Tradecycle by their senior lender, who can eliminate PACA claims in their borrowing base through Tradecycle’s program. As Tradecycle pays the company’s suppliers, the grower claims are satisfied, thus eliminating the need for PACA reserves in the borrowing base and increasing liquidity. 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.