Tradewind Finance Provides Export Factoring Facility for Shoe Trading Company in China
Tradewind Finance has announced a USD 800,000 credit facility for a shoe trading company based in China that sells to Europe and the United States. The funding provided working capital to facilitate the company’s growth strategy.
Trade policy uncertainties coupled with the economic effects of the pandemic had created supply chain disruptions within the footwear industry. Motivated to stand out from the competition, the company focused on product design enhancements and offered potential buyers the option to receive samples. Even with these efforts, the company continued to miss out on opportunities with big brands due to limitations in providing credit terms.
Unable to receive the right financing from banks, they approached Tradewind who welcomed the asset-light business and delivered additional liquidity to the company without requiring collateral for the funding process.
With the financing from Tradewind, the footwear business could give buyers more time to make payment. This enabled the company to work with large customers and secure high amounts of orders.
“Tradewind is pleased to be chosen as a reliable financial partner for our client to help support their growth requirements while reducing trade risk, especially during such a precarious retail climate,” states Jason Wang, VP Sales of 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.