Tradecycle Capital, an Indianapolis based trade finance provider, announced it funded a new $7,000,000 revolving Accounts Payable funding facility for a leading education technology provider primarily serving the K-12 sector.
The program enables the company to support seasonal swings in inventory levels and is unsecured and supplemental to their senior lending facilities. By extending their Accounts Payable payment terms without stressing their Vendor relationships, all Tradecycle customers draw more working capital into their operating cycles and support Sales growth. This enables the companies to improve cash flow and add value to all stakeholders involved in the businesses.
About Tradecycle
Founded in 2016 by Justin Goheen, Tradecycle provides unsecured Accounts Payable Finance solutions that work seamlessly with Senior Credit Facilities to supplement the working capital needs of its clients. The technology driven solution provides an additional tool to assist clients in managing their working capital through extended payment terms.