Tradecycle Capital Delivers $6.5MM in Accounts Payable Finance Facilities

Tradecycle Capital, an Indianapolis-based trade finance provider, funded three new revolving accounts payable funding facilities in February.

The first was a $5 million limit to a designer, importer and distributor of patio and home furnishings that sells throughout the U.S and Canada.

The second was a $1 million limit to a technology solutions provider that works primarily with public sector clients to implement ongoing technological advancements.

The third 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.