Tradewind has provided an $8 million non-recourse factoring facility to a USA-based power solutions company that supplies, installs, and maintains its line of products for the telecom industry nationwide. Tradewind\u2019s funding will support the exponential growth of the power provider by expediting its cash flow so it can keep up with demand and vendor payment.<\/p>\n
The power solutions company recently entered into a new contract with one of its telecom partners that expanded the territory it serviced for them from a regional to a national level. With the increase in territory, the demand for its power products and services tripled, which forced it to hire more staff, place more orders from its vendors, and find additional working capital to support this growth.<\/p>\n
The company\u2019s vendor payment terms are Net 60 days while the payment terms of the telecom partner are Net 90 days from job completion. Tradewind\u2019s factoring facility was able to significantly increase liquidity for the power solutions provider and allows it to pay its vendors on time and maintain sufficient inventory while waiting on payment from its buyers.<\/p>\n
Tradewind also provides financing for one of the power company\u2019s suppliers, which made the financial institution a strong fit for its own cash flow needs as it helped streamline the supply chain.<\/p>\n
In addition, the trade finance organization offered competitive pricing and was willing to accommodate for single debtor concentration.<\/p>\n
\u201cWe\u2019re excited to be a part of our client\u2019s growth story. With their nationwide expansion and our financial support, the company expects to triple its revenue this year. They have years of proven success as a service provider and supply premium products to some of the largest companies in the telecom industry. It\u2019s been a pleasure to work with them,\u201d states Brian Dowd, Vice President of Sales of Tradewind\u2019s New York office.<\/p>\n
Tradewind (formerly DS-Concept) maintains a network of offices all over the world, including Bangladesh, Bulgaria, China, Hong Kong, 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.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tradewind has provided an $8 million non-recourse factoring facility to a USA-based power solutions company that supplies, installs, and maintains its line of products for the telecom industry nationwide. Tradewind\u2019s funding will support the exponential growth of the power provider by expediting its cash flow so it can keep up with demand and vendor payment. […]<\/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":[475,477],"tags":[],"class_list":["post-30937","post","type-post","status-publish","format-standard","hentry","category-case-studies-hu","category-deal-announcements-hu"],"acf":[],"yoast_head":"\n