Tradewind Finance has announced it has approved a USD 1.1 million export factoring facility for a newly established chemical trading company based in Jiangsu, China. As the company experiences soaring orders, the revolving facility will be used to meet its growing capital requirements.<\/p>\n
Having developed and maintained long-term relationships with reliable buyers from Europe and North America, the trader exports over USD 5 million each year. Orders increased dramatically, resulting in a more profitable operating environment. The company, however, found it difficult to fund new orders and manage international trade risks. This included extending the payment period of buyers and determining their credit rating. Moreover, the asset-light trading company was unable to obtain traditional business loans from banks.<\/p>\n
The company turned to Tradewind, a leading alternative finance company with more than 20 years of experience, in order to improve cash flow and grow the business. Tradewind’s well-conceived financing solution enabled the company not only to release capital from receivables in a timely fashion, but also to enhance risk management.<\/p>\n
“Tradewind’s tailored financial services, including credit protection, enabled our client to acquire more qualified customers, accept large orders, and achieve growth goals. We are happy to be a trusted financial partner of theirs to support them in the future with their financing needs,” said Dickson Au, Tradewind\u2019s Regional Commercial Director \u2013 Far East.<\/p>\n
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