Tradewind Finance has recently provided a EUR 1.2 million credit facility for a company that designs, manufactures, and supplies components for heat transfer and liquid cooling systems used in the refrigeration and household appliance industries. These components are installed in many well-known refrigeration appliances from major brands around the globe.
One of the main aims of the client, with their global structure, was to have one factoring company for all their different subsidiaries. Tradewind, whose services include credit protection, overseas collection services, and ready support from offices worldwide, fit this requirement and was thrilled to step up as their financial partner.
The firm’s factoring services are being used to generate a faster cash flow for the refrigeration equipment company, improve their headroom, and release additional working capital for their inventories.
The facility is set to be increased further with the onboarding of the company’s additional entities in the future.
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, 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.
