Tradewind, a global commercial finance company specializing in international non-recourse factoring, has provided a $3.5 million export accounts receivable facility to an apparel manufacturer in China. The client, exporting mainly to large wholesalers in the United States, is implementing this facility to support their increasing sales on open account payment terms. With the export facility in place, the client is able to free up their working capital as they begin R&D to launch a new product line. The client anticipates an annual factored volume of $18MM-$20MM.<\/p>\n
\u201cSourcing and manufacturing in China, the client is expanding rapidly into the US market,\u201d states Jason Wang, Sales Manager at Tradewind China. \u201cBeing at the mercy of increasingly longer payment terms from their overseas buyers, our financing solution enables them to take on larger purchase orders and grow exponentially.\u201d<\/p>\n
Tradewind maintains a network of offices all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world’s small and mid-sized exporters.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tradewind, a global commercial finance company specializing in international non-recourse factoring, has provided a $3.5 million export accounts receivable facility to an apparel manufacturer in China. The client, exporting mainly to large wholesalers in the United States, is implementing this facility to support their increasing sales on open account payment terms. With the export facility […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-1881","post","type-post","status-publish","format-standard","hentry","category-company-news"],"yoast_head":"\n