10/11/2021
This September, we announced that we funded two new revolving Accounts Payable funding facilities. The first deal was a $3,500,000 limit to a privately held third party logistics provider who came to Tradecycle after receiving payments from Tradecycle. The second deal was a $300,000 limit to a manufacturer of specialty HVAC equipment for large industrial and government buildings. This company was referred to Tradecycle by their senior lender. Both programs are unsecured and supplemental to their senior lending facilities.