Tradewind has announced the closing of a $3.6 million export factoring facility for a household items trading company based in Hong Kong. The company sells to such renowned retailers as Nordstrom, Five Below, and Urban Outfitters in the US and Canada and has an annual sales turnover of USD8-10M. It is using Tradewind’s bespoke facility to support its working capital needs as it operates within the fast-growth nature of the industry and takes on large volumes of orders from its buyers, especially during periods of high seasonal demand.

Before working with Tradewind, the trader struggled to pursue the business growth it desired. The banks it had partnered with for funding had reduced their lending facilities due to the trader’s limited assets and equity. Furthermore, typical banks were conservative in offering the company an unsecured line to finance its large orders, not to mention the process from the initial bank loan application to final funding was too long. Instead, the company needed an expedited cash flow solution to meet the spike in seasonal orders as well as support its fast-growth trajectory. Tradewind came in and factored the company’s accounts receivable, converting them into immediate cash and improving the company’s cash flow position.

By leveraging Tradewind’s factoring facility to finance its working capital needs, the company can now confidently accept large orders and seek additional growth opportunities. Tradewind also offered credit protection for the trader in the case of buyer insolvency.

“We are pleased to provide a flexible financing solution with such quick turnaround for our client, when banks were unable to, so that they can focus on running their business and pursuing their growth goals without the threat of a liquidity shortage,” states Goobi Mak, VP of Sales for Tradewind Hong Kong.

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.