Tradewind Finance has announced partnering with an India-based textile manufacturer to pay their suppliers without delay, and to ensure they have the liquidity to do so.
The name of the manufacturer hasn’t been revealed yet! Tradewind says the manufacturer enlisted them to advance them the capital tied to their receivables and, in turn, secured a US $ 2.30 million credit facility.
The textile and apparel manufacturing company has been producing bags for packaging, floor coverings and apparel since 1960s. The company exports its products to various European countries and to the USA.
“Given our global network and cross-border financing, our client trusted the team at Tradewind to help support their sales in markets abroad. We are happy to have made managing relationships across the supply chain easier for them,” commented Soheil Zali, Regional Commercial Director at Tradewind Middle East Limited.
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.
