9/8/2021
August was an exciting month at Tradecycle Capital! We funded five new revolving Accounts Payable funding facilities with account limits ranging from $1,000,000-$3,000,000. The first deal was a $1,000,000 limit to a family office backed supplier of component parts to the Recreational Vehicle industry. The second deal was a $3,000,000 limit to a privately owned importer and distributor of bulk sheet and coiled metals. The third deal was a $1,000,000 limit to a major supplier of solar energy solutions. The fourth deal was a $2,000,000 limit to a privately held producer of roasted nut and snack products, and the fifth deal was a $2,500,000 limit to a private equity backed producer of specialty recycled paper products. All five programs are unsecured and supplemental to their senior lending facilities.