Tradewind Announces USD 5 Million Export Factoring Facility for Paper Trader in China

Tradewind Finance has provided a USD 5 million export factoring facility for a paper trader based in China. The funding will be used to accelerate the company’s cash flow for raw material purchases and export to the United States.

The fast-growing trader, headquartered in the United States, is specializing in the domestic sourcing and production of paper and exports over USD 100 million per year. Though faced with global trade uncertainty related to COVID-19, the company performed well and has been stable financially. The company also developed more new buyers to accelerate business growth, which required higher-level risk and cash flow management.

However, the company found it hard to increase capital input to meet the requirements of new orders. And the trader faced barriers to gaining loans from banks for its light asset. Attracted by the good reputation of flexible funding solutions and high standard service, the company contacted Tradewind Finance proactively to support delivered duty paid terms of 30 days for its buyers. With a USD 5 million facility, the company had the ability to improve working capital and take larger orders from more new buyers.

Dickson Au, Regional Commercial Leader – Far East, at Tradewind Hong Kong, said: “We are delighted to apply Tradewind’s tailor-made export factoring service to the strong-growing company. With Tradewind’s scalable factoring facility and credit insurance coverage, the client is able to expand the business without fear of further uncertainty from global trade. We are ready to support the client’s expansion in the future.”

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, 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.

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