Tradewind Finance has closed a EUR 8 million export receivables program with a EUR 2.5 million credit facility for a top aluminium producer in Turkey. The funding is being used to optimize the company’s working capital and for the purchase of raw materials.
Having worked with several financial institutions in the past, the metal company, which was established in the 1970’s, was looking for a more flexible option to traditional lending services and the restrictions associated with them. It was drawn to Tradewind, who has a deep history of providing alternative cash flow services to Turkish businesses in a variety of industries.
As their financial partner, Tradewind designed a bespoke financing solution that addressed the company’s unique needs. It bridged the working capital gap the company was facing by accelerating cash flow to their business, and was able to gradually increase funding to meet the company’s evolving requirements.
The partnership is a prime example of how Tradewind’s solutions help with the proliferation of trade in metals and other industries in Turkey, which in particular is tied heavily to textiles.
“Tradewind is happy to work alongside our new client as they continue to enrich the Turkish economy. We are proud that our scalable cash flow solutions have helped the company achieve the financial agility they were seeking,” states Beyza Durdagi, Head of Sales for Tradewind Turkey.
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.