Tradewind Finance has provided a USD 250,000 credit facility to a manufacturer based in China that specializes in air purifier products. The company, which mainly exports to the United States and Israel, is using the funding to accommodate larger orders from their US customer on open account terms.
Before working with Tradewind, the company was focused on domestic sales. Their exports, arranged on TT terms with payment made before shipment, only accounted for a small portion of their operations, which were supported by traditional bank lines.
Through their partnership with Tradewind, the company received cash flow expedited to their business, enabling them to increase their export sales made on 60-day credit terms to an established US buyer dealing in the air purifier sector. Because of the quick funding from Tradewind, the company had sufficient capital to take on orders while waiting on payment from their customer.
Since demand in the air purifier industry has boomed with the coronavirus pandemic, the company has been generating larger order requests, which they have been able to manage with Tradewind’s flexible and scalable financing solution that increases as sales increase.
“We are pleased to provide tailor-made financial support for our client that allows them to grow the export side of their business securely, especially during a time when their products are much in-demand,” states Andy Zeng, Vice President of Sales for Tradewind Shanghai.
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 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.