4/15/2022
A fifteen-year-old specialty sports apparel manufacturer and distributor that was acquired by private investors has been doubling Sales each of the last five-years. The company recently landed a new relationship with a major retailer that will put their product in 500 stores throughout the USA and triple their Sales in 2022. They also have experienced expansion in their own ecommerce platform. The rapid expansion in Sales is outpacing the company’s ability to support the need for working capital through internally generated cash and their bank line of credit.
Tradecycle’s unique model for processing payments enabled the company to extend their Accounts Payable payment terms without stressing their vendor relationships. Tradecycle is now providing a $1,500,000 Accounts Payable Processing Program with extended terms, which draws more working capital into the company’s operating cycle to support the growth in Sales. Tradecycle’s payment terms enabled the company to procure inventory at a faster rate and assure adequate stock for to continue increasing Sales.