Having begun the financial partnership less than a year ago, Tradewind Finance has more than doubled the amount of its line of credit for a Turkish aluminum exporter shipping to the United States and Europe. As a result, the company’s flexibility in financing and understanding of the liquidity needs of its clients are demonstrated.
The client is a pioneer in aluminum products in Turkey, stretching back to the 60’s when it opened shop as the first local aluminum coil producer. Today, 65% of its total production is exported. The company first sought out Tradewind’s factoring services to improve its cash flow and for capital to purchase raw materials without suffering the effects of fluctuations in the market.
After receiving the initial €2.7 million in funding, the aluminum processor was able to increase its turnover significantly and needed to acquire additional working capital to sustain its growth. In a remarkably flexible move taken after seven months of the relationship, Tradewind scaled up the facility to €6.3 million last month, which helped the company to boost its turnover.
We are pleased to have contributed to increased sales for our client with our scalable cash flow solutions. “We want to grow with them as their sales grow,” Beyza Durdagi, Head of Sales for Tradewind Turkey, said.
In addition to its headquarters in Germany, Tradewind Finance has offices in Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, United Arab Emirates, and the United States. By combining financing, credit protection, and collections, Tradewind offers streamlined, flexible, and best-in-class services to exporters and importers around the globe.