Tradewind has closed a $3 million non-recourse export factoring facility for a PVC flooring manufacturer based in China. The company produces wood plastic (WPC), stone plastic (SPC), and LVT flooring, which are exported to the US and Germany with annual sales of $30 million.
Two years ago, the company invested ¥ 60 million and built a new production line to meet the market demand for PVC flooring. The high investment raised the company’s debt ratio and left the company with insufficient liquidity.
After learning about the company’s situation, Tradewind quickly customized a financing plan to meet the needs of all aspects of their business. After setting up their account, Tradewind quickly funded $500,000 dollars to the company, eased their financial stress before the Chinese New Year, and impressed the company’s management team with its efficiency and flexibility.
In addition, with the injection of Tradewind’s funds, the company has obtained sufficient working capital and resumed investment in new research and product development. As a result of Tradewind’s services, the company is able to manufacture consistently quality products and has won over the trust of customers.
“Our client is a prominent player in the PVC flooring industry in China. The success of our partnership with our client illustrates how Tradewind’s financial solutions can help customers solve the problem of capital turnover by accelerating cash flow, and has strengthened our reputation as a trusted financial services provider in the flooring industry,” said Jason Wang, Vice President of Sales at Tradewind China.
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.