Tradewind Finance Provides Export Factoring Facility for Tiles Trader in Hong Kong
HONG KONG SAR - Media OutReach - 22 March 2023 - Tradewind Finance has successfully closed a USD 205,000 export factoring facility for a tiles trader in Hong Kong. The funding has enabled the company to improve working capital and develop a diverse portfolio of global buyers.
Established almost 15 years ago, the company has been focusing on exporting tiles and natural stones from China to Australia and New Zealand. With high-quality products and an all-in-one service, including design and project monitoring during production, the trader not only appealed to suppliers but it also developed qualified buyers across the world.
However, as more buyers requested credit terms, which was different from the original payment term T/T before shipment, the self-financing company found it hard to grow its business. Piled-up account receivables resulted in a significant gap in cash flow, which made it difficult to meet financial obligations for suppliers and caused it to decline orders from new buyers in the USA.
Attracted by the 23-year solid track record in trade finance, the client contacted us to ease intense capital pressure. Tradewind's immediate tailor-made funding solutions enabled the trader to accelerate cash flow and reduce trade risks. With the flexible and scalable facility, the company was able to maintain operations, increase business with existing buyers and accept open account orders from new buyers without the fear of a working capital shortage.
"The experienced client is a professional in tiles trading. With our timely support, the client received stable access to the working capital they needed to operate efficiently," said Dickson Au, Regional CEO – Far East, at Tradewind Hong Kong. "The client is expected to deliver business growth in the near future and we are honored to grow with our clients."
The issuer is solely responsible for the content of this announcement.
About Tradewind Finance
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.
- Oi Wah and PACM Group entered into MOU
- Udokan Copper helps restore Siberian sturgeon population as part of its ESG program
- New Report Finds Enterprises are Accelerating Edge Adoption to Get Ahead of the Competition with Nearly 70% Leveraging Edge to Solve Critical Business Challenges
- BingX Launches Special Events for Peer-to-Peer Crypto-Fiat Traders, Providing Rewards for First Trades
- Royal Road and MSB Holdings Enter into Joint Venture Shareholders Agreement for Mineral Exploration
- Hong Kong In-Home Expo 2023 Opens Today
- Prince Holding Group and CanCham Explore Synergies for Future Partnerships in Cambodia
- Skyborn Renewables appoints Stine Würtz Jepsen as CHRO
- BKH-ICD Showcases Upcoming New Inland Port to Boost Trade between Thailand and Malaysia
- Get Ready for the Summer’s Hottest Sale With iShopChangi
- Alibaba Cloud Debuts Its Sustainability Solution at i Light Singapore 2023
- Happy Rainy Days Announces Launch of the Perfectly Functional Umbrella
- IDC MarketScape names Infobip as a Leader in the Communications Platform as a Service for the second time
- OctaFX: Bank Negara Malaysia (BNM) is unlikely to raise interest rates as core inflation eases
- GSS 2023 goes online with month-long Great Shopee Sale starting 6.6
- Immortalize Launches Singapore’s First End-of-Life, Legacy Planning Card Game
- Yik Wo International to submit application for transferring of listing to the Main Board
- Symphony’s Innovate 2023: compliant communications, AI and trader voice take center stage
- Say No to Plastic! City Super Group Supports World Environmental Day’s Message "Beat Plastic Pollution"
- Schneider Electric’s first Sustainability School opens for enrolment