UK trader of sustainable fashion apparel receives USD 1.2 million in funding from Tradewind Finance
A UK-based trading company specializing in medical scrubs and everyday activewear has received credit facilities for USD 1.2 million from Tradewind Finance. The facility will provide the company with the ability to improve its cash flow and add to its growth plans.
It has its headquarters in the fashion-forward city of London, where it oversees key steps in the creation of clothing and makes them ready for retail. This includes designing the goods, arranging production, and ensuring that they are shipped to the customers. As soon as the clothing items are finished, they are exported to the company's extensive buyer portfolio, which consists of buyers from the United States, Canada, Europe, and other parts of the United Kingdom.
In the role of acting as a centralized and integrated supply chain for their customers, the apparel trader found themselves juggling the capital requirements of all the parties they kept in contact with, while also considering their own cash flow. As trade volumes have increased significantly in recent years, the company could need additional working capital in order to support continued growth.
Tradewind's role as the UK company's first choice lender enabled it to expedite the cash flow required for the apparel business by way of non-recourse export finance. As a result, the apparel business was able to pay suppliers on time and extend payment terms for buyers by three months.
Tradewind's Regional Commercial Director for West and South Asia, Soheil Zali, stated: "Tradewind is excited that our customized cash flow solutions have given our client the flexibility to improve their business relationships with buyers and suppliers. After surviving a difficult period amidst the impact of the pandemic, the client is poised to multiply its sales even further."
In addition to its headquarters in Germany, Tradewind Finance has offices in Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, United Arab Emirates, and the United States. By combining financing, credit protection, and collections, Tradewind offers streamlined, flexible, and best-in-class services to exporters and importers around the globe.