Tradewind provides USD 1.8 million factoring facility to an Indian leather accessories manufacturer
A leather accessories manufacturer in India recently received a scalable, USD 1.8 million receivables finance facility from Tradewind. The Kolkata-based company specializes in making a variety of high-end bags and wallets. The brand is a favorite of premium retailers in Europe and the United States because of its vintage, weathered look.
As a result of extensive vendor diversification strategies adopted by many global buyers, the manufacturer has been able to secure new relationships with potential customers. It was crucial that the manufacturer had an engaged financier who could provide financing options and trade credit protection in a reasonable and practical package in order to respond quickly to large orders. In addition to Tradewind's international network and renowned client service capabilities, the revolving facility provided to the manufacturer allowed them to fulfill orders with confidence.
Tradewind was asked to create a comprehensive, price-competitive receivables financing package tailored to the manufacturer's business model and buyer payment patterns. By utilizing the financing, the manufacturer was able to accelerate their cash flow, allowing them to pay their suppliers sooner and offer longer payment terms to their buyers, making them a more attractive choice to do business with.
“We were chosen as the client's funding partner due to our customized and flexible services and competitive terms and conditions,” said Sameer Chaturvedi, Regional Manager Business Development Tradewind GmbH Liaison Office India. “A further benefit for our client is that Tradewind's loan facility is scalable, enabling our client to receive funding as sales increase."
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.