Tradewind Finance has provided a USD 3.5 million credit facility for a manufacturer and exporter of women’s, men’s, and children’s clothing. The company, based in Dhaka, Bangladesh, sells a variety of apparel pieces like jackets and jeans to large, well-known retailers in Europe and the United States.
Facing long payment terms with these big retail names as well as the demand to fill rising orders, the company is using the facility to accelerate cash flow for working capital purposes. In addition to solving their pressing liquidity needs, the partnership with Tradewind will support the client in maintaining long-term business relationships with their buyers through the firm’s scalable funding option that can be increased as sales grow in the future.
‘’We are happy to structure a tailor-made financing solution that equipped our client with the liquidity to take on the high volume of orders from their buyers and sustain growth. The success of our partnership illustrates how Tradewind’s financial solutions can help improve the relations of the whole supply chain, allowing our client to cater to the payment terms of both their vendors and buyers,’’ Soheil Zali, Regional Commercial Director at Tradewind Middle East Limited, said.
In addition to running an apparel operation that supplies some of the world’s top brands and retailers, the larger group that the company belongs to has taken actions to give back to their community. In one such instance, according to the client’s website, the chairman of the group is referenced for having founded a local high school in Bangladesh which serves 900 students.
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.