Tradewind announces a USD 3 million export factoring facility for a Hong Kong accessories trading company
A Hong Kong accessories trading company has received an export factoring facility of USD 3 million from Tradewind Finance to help grow its business.
Every year, the company exports more than USD 10 million worth of accessories to top retailers and renowned brands around the world. Despite challenges faced in capital turnover and supply chain operations during COVID-19, the company was still able to maintain relative financial stability for its competitive products and sustain long-term relationships with well-known buyers.
As global sales grew, the company faced funding difficulties due to large orders and extended payment terms. Bank loans for a company with limited assets proved difficult to obtain. Due to Tradewind's reputation for cutting-edge cross-border financing and superior customer service, the company sought Tradewind's export factoring services to reduce the risk of funding more new orders without tying up collateral, cash, or physical assets.
Dickson Au, Tradewind’s Regional Commercial Director - Far East, said, "We are looking forward to working with this fast-growing company to help it realize its growth plans. Tradewind offers a variety of customized solutions across a variety of industry sectors, which are geared to help clients boost orders and succeed in their businesses."
About Tradewind Finance
Founded in 2000, 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 the 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.