Tradewind Finance Provides USD 6 Million Trade Finance Facility to Trading Company for Base Oils
Tradewind Finance has announced a USD 6 million credit facility for a European trading company exporting to various European countries, among other countries. Proceeds from the funding are being used to make timely payment to the company’s suppliers and to ensure cash flow amid a fluctuating commodities market.
When the company approached Tradewind, it was looking for a financial partner who understood its business and could customize financing according to its unique needs. Open-minded about the client’s story, Tradewind’s team of trade finance specialists stepped in, assessed the client’s financing requirements using their expertise in complex funding scenarios, and offered a creative, tailor-made solution that met the company’s capital demands.
As the company’s financial partner, Tradewind can increase funding as sales grow. Not only does the facility equip the company to pay suppliers on-time, but it also enables the trader to support open account payment terms with its customers.
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.