Tradecycle Capital Provides More Than $2.5MM in Recent A/P Facilities

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

The first was a $2 million limit to a private equity owned specialty merchandising company that needed additional support for sourcing product offshore. 

The second was a $500,000 limit for a precision welder and fabricator of exotic metals, which was referred to Tradecycle by a senior lender.

The third new facility was for a management-owned distributor of specialty bar quality steel that needed to accelerate payments to global suppliers.

All three programs are unsecured and supplemental to the companies’ senior lending facilities.