Tradewind Finance, an international trade finance company, today announced that it has successfully closed a USD 650,000 export factoring facility for a Chinese automobile wheel manufacturer. The company, which sells luxury wheels, is leveraging the export factoring facility to free up cash flow tied in its accounts receivable and to support its exports to Europe and the United States.
Founded nearly a decade ago, the company developed an advanced product line to offer a diverse range of wheels to meet varying demands, and won loyal customers globally. Nonetheless, due to the financial gap between production costs and final payments, the supplier found it was hard to manage increasing open account orders from regular clients with its own capital alone.
The manufacturer came to Tradewind, drawn by its strong reputation and flexible service, to overcome its financial distress. The tailor-made export factoring solution, which consists of a USD 650,000 credit facility, credit protection and accounts receivable management, enabled the exporter to access immediate working capital. With cash flow improved rapidly and significantly, the company could confidently accept larger orders and maintain long-term relationships with buyers.
“For exporters seeking steady external funding and comprehensive credit protection, Tradewind is the ideal partner, with over 24 years of experience in empowering exporters’ growth through professional expertise and on-the-ground support. Our reliable customized financing solution helped the client increase its market share in Europe and the U.S.,” said Dickson Au, Regional CEO – Far East, at Tradewind Hong Kong.
For more information about Tradewind’s financial solutions that enable businesses to grow, thrive, and conduct cross-border trade smoothly, please visit: https://www.tradewindfinance.com/
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, 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.
