Tradewind closes $1.3m export factoring facility for Hong Kong-based peanut trading company

HONG KONG, February 8, 2022 /PRNewswire/ — Tradewind Finance is pleased to announce the closing of a $1.3 million export factoring facility for a groundnut trading company based in hong kong.

The trader, which enjoys strong relationships with its global customers, will use the non-recourse facility for its business expansion ambitions. With over 50 years of trading experience, the company has developed a strong market reputation and multiple banking relationships. Despite buyer repayment extensions and supply chain disruptions, the company was able to maintain a healthy balance sheet, but needed the support of an alternative funding provider to further strengthen its liquidity position by filling the gap working capital resulting from longer payment terms. Tradewind’s factoring services with immediate turnaround times helped the company free up needed cash tied up in its receivables, allowing it to pay its suppliers in a timely manner, unlike many of its competitors.

“Tradewind’s attractive pricing, efficient approval process and the added benefit of credit protection made our financing solution the perfect fit for our client. We pride ourselves on being able to meet the demands of a growing business. ‘such scale, and we look forward to being a long-term partner as the company grows,’ said Dickson AuRegional Commercial Leader – Far East, at Tradewind Hong Kong.

About Tradewind Finance

Founded in 2000, Tradewind Finance has a network of offices around the world, including Bangladesh, BrazilBulgaria, mland China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkeythe United Arab Emirates and the United States as well as the headquarters of Germany. Combining financing, credit protection and collections in a single suite of trade finance products, Tradewind offers streamlined, flexible and best-in-class services to exporters and importers around the world.

Contact

Tradewind Finance
www.tradewindfinance.com
[email protected]
+852 23759068

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