Tradewind Finance Provides Export Factoring Facility for Frozen Seafood Trader in Hong Kong

Tradewind Finance is pleased to announce it has closed a USD 700,000 export factoring facility for a frozen seafood trader in Hong Kong. The funding has been used to finance the company’s business operations and expansion plans, including their exports to buyers in the US and South America.

The Latin American frozen seafood market is estimated to continue its growth in the coming years, based on MarketDataForecast. And the main motivating factor is rising urbanization, which has stimulated the demand for convenient food products in this area.

With over 10 years of experience in the seafood business, the seafood trader generally sources products from mainland China and then exports them overseas. Though most transactions required T/T before shipment, some buyers requested open account terms with a 90-day credit period. As a result, their growth was hindered because of a lack of working capital.

In order to ease their tight cash flow, the company contacted Tradewind for the alternative finance provider’s tailor-made export finance products. The scalable non-recourse factoring solution met the exporter’s working capital demands, which had not been supported by bank financing in the past.

With the funding of USD 700,000 and credit protection, they were able to free up their cash flow, take advantage of new business opportunities, and continue to succeed in the competitive seafood market. Going forward, the trader can focus on their sales volume without worrying about having enough working capital on hand, especially when more buyers request extended payment terms.

“Though it was the first time the client used an export factoring service, they were able to get better control over their finances this way. They also plan to apply for an increase in their factoring facility after becoming more familiar with our services,” said Dickson Au, Regional CEO – Far East, at Tradewind Hong Kong, “We are committed to providing suitable and innovative financial solutions to companies looking to increase exports, accelerate cash flow and achieve their growth goals.”

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.

Latest Articles

Here’s what we’ve been up to recently.

无追索权保理和有追索权保理的区别?外贸出口企业如何选择?

无追索权保理和有追索权保理是两种不同的保理融资方式,主要区别在于应收账款买方(债务人)不支付时,保理公司是否有权向企业(卖方)追讨未支付的款项。这两种保理方式在国际贸易中尤为重要,尤其是对于外贸企业来说,选择合适的保理方式可以有效管理资金流和风险。 1、风险承担方: 无追索权保理:保理公司承担买方(债务人)的信用风险。如果买方因破产或无力支付等原因未能偿还款项,保理公司无法向企业追偿损失。这意味着保理公司全权承担买方的信用风险。对于从事出口业务的企业来说,这种保理方式可以大大降低因买方违约而带来的风险。 有追索权保理:企业(卖方)承担最终风险。如果买方未能付款,保理公司有权要求企业偿还已融资的金额。也就是说,企业仍需承担买方不付款的风险。这种保理方式在国际贸易中较为常见,尤其适用于买方资信状况一般的情况。 2、融资成本: 无追索权保理:由于保理公司承担更大的风险,融资成本通常略高于有追索权保理。保理公司会根据买方信用状况设定相应的保理费或利率。 有追索权保理:融资成本相对较低,因为企业依然承担了买方不付款的风险,保理公司风险较小。 3、融资的预付款比例: 无追索权保理:因保理公司承担较大风险,预付款比率通常较低。 有追索权保理:考虑到保理公司承担的风险较小,一般而言,预付款比例更具灵活性。 4、适用对象: 无追索权保理:通常适用于资信较高的买方,因为保理公司需要承担较大的信用风险。对买方资信要求严格。