3/5/2021
February was a busy month for Tradecycle Capital. We secured three partnerships that funded three new revolving Accounts Payable funding facilities. The first deal was a $5,000,000 limit to a designer, importer, and distributor of patio and home furnishings that sells throughout the U.S. and Canada. The second deal was a $1,000,000 limit to a technology solutions provider that works primarily with public sector clients to implement ongoing technological advancements. The third deal was a $500,000 limit to a specialty chemical distribution company that supplies water treatment chemicals to municipalities and commercial customers. All three programs are unsecured and supplemental to their senior lending facilities.