Tradewind Finance Announces USD 1 Million Credit Facility for Leading Manufacturer of Cotton Yarn in India
Tradewind Finance has provided a USD 1 million post-shipment finance facility for a manufacturer based in India that produces yarn made from consciously sourced cotton. The company markets to forward-thinking buyers in Europe, Asia, the Middle East, and Latin America and is using the additional cash flow to procure raw materials and deliver products on time to their customers.
The client was experiencing a global surge in demand for their high-quality yarn when they decided to pursue financing. Since the manufacturer sources their cotton responsibly, they were attractive to brands who vowed to take greater accountability for their supply chain operations. A trend of strong spending contributed to the increase in business.
To fill the flurry of orders, the company sought a reliable financial partner who could provide funding with a fast turnaround, which would allow the yarn exporter to get their products to the doors of customers on schedule. Unlike traditional bank offerings, the client was also looking for a financing arrangement that eliminated the need for collateral.
They chose to work with Tradewind Finance, who exceeded their criteria for a lender, and received constant support from their team of experts, from preliminary discussions onwards to the funding process. Tradewind took what they learned about the client’s unique requirements and delivered a custom, collateral-free solution that boosted working capital for their yarn business. In addition to serving their short-term capital needs, the facility gave the company the financial agility to win new orders from their customers and achieve further growth.
“We are happy to provide quick funding for our client so they could meet demand and capitalize on growth opportunities. We look forward to assisting others in the Indian manufacturing community with our cash flow solutions,” states S Palaniappan, Regional Manager, Business Development – Tradewind GmbH India Liaison Office.
Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible and best-in-class services to the world's exporters and importers.