Tradewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and accessories for the house to buyers located domestically and in the United States and Europe. Their customer base includes Walmart, Costco and other large chain stores; hotel groups; and online retailers such as Amazon and Wayfair.<\/p>\n
At the time they approached Tradewind, the company was in need of accelerated cash flow to support their growth. Despite their current equity financing from an angel investor and inventory financing from banks, the company\u2019s operating capital remained too tight for comfort. Increasing the financial pressure, their supplier sought on-time payment from them, while, in contrast, their buyers requested 75-90 days on open account to pay their bills, delaying incoming cash.<\/p>\n
Through its export factoring services that advance cash to clients, Tradewind was able to ease the shortage in liquidity caused by the company\u2019s additional capital needs from ramped up growth, coupled with the challenge of paying suppliers before receiving payment from their customers, which takes months.<\/p>\n
Tradewind has a network of offices around the globe that can arrange funding to a business\u2019s various locations. The company plans to take advantage of these international capabilities and work with the financial services firm in the future to finance sales from their US subsidiary through PO or inventory finance.<\/p>\n
\u201cWe are happy to be part of the company\u2019s growth story by providing them with funding that will scale up with them. Tradewind was pleased to service our client with both efficiency and flexibility, part of its ethos as a German entrepreneurial company, to resolve their unique financial needs with quick results,\u201d states Fiona Li, Project Manager of Sales for Tradewind Shanghai.<\/p>\n
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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tradewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and accessories for the house to buyers located domestically and in the United States and Europe. Their customer base includes Walmart, Costco and other large chain stores; hotel groups; and online retailers […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[97,95],"tags":[],"class_list":["post-2032","post","type-post","status-publish","format-standard","hentry","category-case-studies","category-deal-announcements"],"yoast_head":"\n