Tradewind recently announced the closing of a $10 million export finance facility for a reputable fashion accessories design and trading company based in Hong Kong that serves many of the leading renowned retailers around the world, such as Inditex Group, Abercrombie & Fitch, and Aldo Group, with annual sales turnover of more than $20 million.<\/p>\n
The company approached Tradewind after they had pledged all of their assets with banks and were still faced with a liquidity gap. The gap resulted from the company\u2019s move to accommodate the longer payment terms of buyers, which are 90 days or more, and from the ensuing pressure to fulfill large orders. After evaluating other lending sources, the company found Tradewind, with offices globally and the ability to fund in various currencies and collect overseas, to be the best fit, as their customer base spans worldwide. More importantly, unlike traditional banks, Tradewind does not require a history of profitability, or a long operating history, or any asset\/personal collateral or personal guarantees. Additionally, Tradewind offers 100% credit risk protection and advances cash, which is usually unavailable at other financial institutions.<\/p>\n
By leveraging Tradewind\u2019s accounts receivable factoring facility, the company expects to generate almost 50% increment on their working capital as well as double digit sales growth in the coming year. With Tradewind\u2019s help, they no longer had to worry about making payroll or payment to their suppliers. Instead, they were able to increase their production speed and started fulfilling custom orders within one month when in the past it would take 1.5 to two months.<\/p>\n
\u201cTradewind is pleased to add another reputable fashion client to its portfolio. Our services boost cash flow, eliminate risk, and foil any gap in payment cycles so SMEs like our client can grow and stay competitive in the global marketplace. We pride ourselves on our ability to not only provide a stable source of working capital but an entire supply chain finance solution,\u201d states Goobi Mak, Vice President of Sales for Tradewind Hong Kong.<\/p>\n
Tradewind is an international trade finance group headquartered in Germany with more than 20 offices globally. Tradewind works with SMEs worldwide to provide non-recourse factoring and supply chain financing. With over 150 employees located in 15 countries, speaking over 15 languages, our staff offers world class customer service and truly understands global trade.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tradewind recently announced the closing of a $10 million export finance facility for a reputable fashion accessories design and trading company based in Hong Kong that serves many of the leading renowned retailers around the world, such as Inditex Group, Abercrombie & Fitch, and Aldo Group, with annual sales turnover of more than $20 million. […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_sitemap_exclude":false,"_sitemap_priority":"","_sitemap_frequency":"","footnotes":""},"categories":[476,483],"tags":[],"class_list":["post-1943","post","type-post","status-publish","format-standard","hentry","category-case-studies-ur","category-deal-announcements-ur"],"acf":[],"yoast_head":"\n