Tradewind Announces $3 Million Supply Chain Finance Facility for Leading Garment Sourcing Company in Bangladesh

Tradewind has closed a $3 million supply chain finance facility for a reputed garment trading company based in Bangladesh that sources clothing items domestically from more than 20 factories and exports to Europe, the USA, Australia and Asia. The facility is being used to help increase sales and support open account payment terms in growing demand from overseas buyers.   

In the financing arrangement, Tradewind purchased the invoices of the company and advanced funds to them. Rather than having to wait an extended period to receive payment from the buyer, the company was provided quick access to capital, which strengthened their balance sheet and played a vital role in increasing their revenue. By using Tradewind’s services, the garment company can now also pay the factories they source from sooner than they had done so previously.

As part of the arrangement, Tradewind is able to finance sales on 15-120 days open account payment terms, which positions the garment trader to work with a broader and more diverse customer base. The facility enables the company to accept any payment terms from buyers, without impairing cash flow, and meet its working capital requirement. By providing a non-recourse financing facility, Tradewind eliminates all credit risk and guarantees payment in the case of buyer insolvency.

“It was a pleasure working closely alongside our client to tailor the right financing solution that was able to improve liquidity along the supply chain. We are proud to help apparel companies in Bangladesh like our client with the working capital solutions they need to achieve growth, and are honored to have earned such a solid reputation in the community for our services,” states Soheil Zali, Country Manager of Tradewind Bangladesh.

Tradewind (formerly DS-Concept) provides innovative international cash flow solutions tailored for global clients. Focused on the mid-market, its core products are non-recourse factoring and supply chain finance. The group has built an unrivaled reputation for the depth of its international finance expertise by maintaining a network of offices around the world including the USA, China, India, Hong Kong, UAE, Turkey, Bangladesh, Pakistan, Iceland, Bulgaria, Hungary, Peru and its headquarters in Germany. Combining financing, credit protection, and collections into a single trade finance facility, Tradewind offers streamlined, flexible and best-in-class services.

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