NEW YORK, October 27, 2021 / PRNewswire / – Tradewind Finance is pleased to announce that it has sanctioned a $ 4 million installation at a major Bangladeshi ready-to-wear clothing manufacturer. The group, headquartered in Dhaka, represents more than 40 companies through Bangladesh and employs over 21,000 people. Their main offerings include a variety of woven products sold to renowned international retailers located in the EU and the US.
The company, which originally sold on immediate payment terms, explored various financing options before choosing to work with Tradewind Finance. The debt financing solution designed by Tradewind best matched the company’s requirements as it would help the manufacturer to facilitate larger orders with additional credit protection against potential buyer’s non-payment, and to process more. orders with credit terms of up to 90 days without negatively affecting their cash cycle. .
Such a convenient trade-based facility allows the client to benefit from financing without having to tie up their assets as collateral. The business can safely finance its own growth by tapping into its receivables that would otherwise be paid on the invoice due date agreed upon by buyers.
Maryland Rachedul Hassan, Assistant Vice President – Bangladesh Commercial, commented, “Tradewind serves as a bridge between client and buyers, facilitating liquidity expectations on both stages of the transaction. We are delighted to be able to provide financing quickly and efficiently on flexible and achievable terms, in line with the business needs of the company. “
Founded in 2000, Tradewind Finance, an international trade finance company, maintains a network of offices around the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, United Arab Emirates and United States as well as its seat at Germany. Combining financing, credit protection and collection into a single suite of trade finance products, Tradewind Finance provides streamlined, flexible and best-in-class services to exporters and importers around the world.
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Tradewind Finance
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https://www.tradewindfinance.com/
SOURCE Tradewind Finance
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