Tradewind Finance Funds Textile Sourcing House in Pakistan
According to the Pakistan Bureau of Statistics, textile exports were valued at $19.3 billion in the 2021-22 fiscal year, up 26% from the year before. In line with this trend, a textile sourcing house in Lahore that specializes in denim products contacted Tradewind Finance for funding to expand their factory and generate more orders.
Exporting mainly to customers in the USA and Europe, the textile company sought to maintain healthy cash flow while pursuing these business plans. By releasing the capital tied to their receivables – which can otherwise take months for customers to pay – Tradewind replenished cash flow for the client, enabling them to carry out operations smoothly. Tradewind provided them with a USD 800,000 credit facility.
“We are excited that we could free up cash flow for our client to grow. As global buyers increasingly ask for longer payment terms, our tailor-made solutions allow expanding businesses like our client to continue taking on orders without hurting their cash flow,” Soheil Zali, Regional Commercial Director at Tradewind Middle East Limited, said.
Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the 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.