Tradewind Finance Announces Export Factoring Facility for Furniture Fittings Manufacturer in China
Tradewind Finance has provided USD 350,000 in financing to a furniture fittings manufacturer in Guangzhou, China. The export factoring facility will support its rapidly growing business with major buyers situated in Europe and South America.
The company, with higher-than-average profitability, has grown a sustainable business and maintained a healthy financial position for nearly 15 years with its focus on design, development, and sales of high-quality furniture fittings. However, as a result of shocks from the pandemic, its buyers requested longer payment terms, so it sought out funding to ensure working capital while waiting on its invoices to be paid.
Having considered other lenders, the company chose Tradewind as its preferred financial partner to manage its account receivable risk and accelerate cash flow. Tradewind’s timely funding of USD 350,000 enabled the company to make prompt payments to its vendors, making it an attractive company to do business with.
Andy Zeng, Vice President of Sales at Tradewind China, said: “The client was attracted to Tradewind because of its reputation as a reliable alternative finance provider with quality service and scalable funding capacity. The customized international factoring solutions Tradewind provided enabled the client to mitigate trade risks and maintain strong relationships with their vendors, enabling them to accept large new orders and realize further business growth.”
About Tradewind Finance
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world’s exporters and importers.