Tradewind Finance is pleased to announce a new receivables finance program for a motorbike apparel company based in Pakistan exporting to the USA, UK, and Europe.
The small-to-mid-size manufacturer faced cash flow issues due to a lack of available financing for their international export sales. Even though the liquidity which was critical for growth was tight, they were eager and determined to pursue new and greater opportunities to sell their racing suits, racing jackets, and leather bike gloves to interested buyers.
Since retailers often requested payment terms extending over a few months to pay their invoices and the company was already hard-pressed for cash, the apparel manufacturer voiced their concerns to Tradewind about the challenges of such circumstances which would affect their business operations. They sought a financing solution that ensured their invoices were paid promptly and provided credit protection on their receivables in the case of buyer default or other trade disruptions.
Through its factoring services, Tradewind converted the company’s receivables into cash with a quick turnaround, equipping them with immediate capital to grow, position themselves to partner with a variety of brands, and ease their financial burden. Additionally, the credit protection that came as part of the financing arrangement reduced trade risk and guaranteed payment even if the customer was unable to pay, which made the client more comfortable extending credit terms to their buyers.
“Tradewind is proud to be the pioneer of world-class factoring services in Pakistan to support businesses in the region with fast, flexible and tailor-made cash flow solutions. We are pleased to assist our client with their specific needs so they can capitalize on new growth opportunities,” states Alican Mehdi, Sales Manager at Tradewind Pakistan.
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 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.