Tradewind Provides Export Finance Facility to Start-Up Textile Manufacturer and Exporter in India
Tradewind has provided a $2 million export finance facility to a start-up manufacturer and exporter of home textiles based in India. With the facility in place, the company, who sells to the US and Europe, was able to meet its working capital requirement, accommodate its increasing sales on open account payment terms, and explore potential growth opportunities.
As a start-up business, the client struggled securing funding from traditional banks. Because Tradewind works with companies who do not have a long operating history, the start-up found it to be the best choice for financing. Tradewind was not only a flexible alternative to banks and funded quickly, but it was also able to provide support from its team of local experts in India and leverage its international capabilities to suit the client’s needs.
“We are glad to promote the start-up culture in India by onboarding clients like this who have promising futures. We are pleased that our services are a viable option for those businesses who cannot get the financing they need from banks,” says Ankit Goel, Managing Director for Tradewind UAE and India.
Tradewind provides innovative international cash flow solutions tailored for global clients. Focused on the mid-market, its core products are non-recourse factoring and supply chain finance. The group has built an unrivaled reputation for the depth of its international finance expertise by maintaining a network of offices around the world including the USA, China, India, Hong Kong, UAE, Turkey, Bangladesh, Pakistan, Iceland, Bulgaria, Hungary, Peru and its headquarters in Germany. Combining financing, credit protection, and collections into a single trade finance facility, Tradewind offers streamlined, flexible and best-in-class services.