Tradewind has closed a $1.1 million factoring facility for a company based in the United Arab Emirates that supplies automotive aftercare products and tech services to specialized garages and car dealerships\u2014including Toyota, Audi, Porsche, and Cadillac\u2014in the UAE, Yemen, Iraq, South Africa and Kenya.<\/p>\n
Auto care products are always in demand in the UAE due to the fact that car leasing within the country is easy and affordable. The company, however, had difficulty obtaining funds to meet this demand, as well as to finance their exports to other markets, because of a local credit squeeze.<\/p>\n
Leveraging its Dubai office location, Tradewind stepped in as a capable financial partner and provided quick funding to the auto solutions supplier to help support their immediate working capital requirements. The facility enables the company to transact on payment terms of 60-90 days with their customers.<\/p>\n
As a result of Tradewind\u2019s services, the UAE business was able to procure additional parts, paints, and supplies from Germany and other European countries, as well as take on more orders and foray into new markets with the benefit of credit protection, which comes as part of the firm\u2019s trade finance package.<\/p>\n
\u201cBy working closely with the client and understanding their major pain points, we were able to structure a customized financing arrangement that solved our client\u2019s unique cash flow issues so they could continue to serve the high-demand auto market in the UAE and elsewhere. Additionally, we used our network in Dubai to connect with GCC-based buyers, who found our services to be mutually beneficial for them,\u201d states Maham Siddique, Business Development Manager of Tradewind Dubai.<\/p>\n
Tradewind offered transparency and approachability in the dialogue surrounding the deal, which allowed them to arrive at a financing solution that was the right fit for the client.<\/p>\n
Tradewind 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, 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 closed a $1.1 million factoring facility for a company based in the United Arab Emirates that supplies automotive aftercare products and tech services to specialized garages and car dealerships\u2014including Toyota, Audi, Porsche, and Cadillac\u2014in the UAE, Yemen, Iraq, South Africa and Kenya. Auto care products are always in demand in the UAE due […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[475,477],"tags":[624],"class_list":["post-30820","post","type-post","status-publish","format-standard","hentry","category-case-studies-hu","category-deal-announcements-hu","tag-automobile-hu"],"yoast_head":"\n