Tradecycle Capital, an Indianapolis-based trade finance provider, is pleased to announce a $500,000 credit limit increase for an existing private equity-owned client specializing in precision slit metal products. This strategic enhancement underscores Tradecycle Capital’s commitment to supporting the growth and operational efficiency of its clients.
The client, a leader in the metal processing industry, offers a comprehensive suite of services including Precision Slitting, Traverse Winding, Tension Leveling, Pre-Coating, and Cut-to-Length. These services cater to a wide array of sectors, providing critical components for housing, military applications, commercial and passenger vehicles, power transmission, batteries, and springs. By delivering high-quality precision metal products, the company plays a vital role in the supply chains of these diverse industries.
By extending Accounts Payable terms without straining vendor relationships, Tradecycle Capital clients can draw more working capital into their operating cycles, supporting sales growth. This approach not only strengthens vendor partnerships but also provides clients with the financial agility needed to scale their operations and enhance profitability.
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.