10th December, 2021 Shanghai, China<\/p>\n
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International invoice financing solutions provider Tradewind Finance announced a USD 1.9 million export factoring facility for a garment manufacturer and exporter based in Guangdong, China. The new facility will be used to support the company\u2019s existing sales activities to the United States and United Kingdom, and new trade relationships in the Middle East.<\/p>\n
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The company provides complete end-to-end solutions to several globally known fast fashion groups, including original design support and white labeling services. Typically the company would be able to realize their payments in 90 days. Despite supply-chain shocks in the recent year, the company managed capital deployment effectively through existing traditional lending sources. However, extended payment terms could potentially impede the company\u2019s ability to cater to a potential surge in demand for orders from both new and existing buyers. The factoring facility offered by Tradewind allows for the company to enjoy accelerated cash flows by monetizing on their accounts receivables to cover their operational expenses and facilitate new orders.<\/p>\n
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Andy Zeng, Vice President of Sales \u2013 Tradewind China, said: \u201cChina remains at the heart of the global garment manufacturing industry. As an alternative lender with a proven track record of over two decades, Tradewind is able to cater to a variety of financing requirements by providing dedicated customer service and quick-turnaround, customized solutions. We remain committed to providing Chinese manufacturers with financing solutions that will help them gain the edge against their competition, while reducing dependency on traditional, asset-backed borrowings.\u201d<\/p>\n
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About Tradewind Finance<\/p>\n
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