Tradewind Finance, an international trade finance company, completed a $900,000 credit facility for an Indian seafood exporter specializing in frozen shrimp. The facility is providing additional working capital for the company to support its growth in line with increasing demand.
In the arrangement, the seafood company is securing pre-shipment financing from its bank and post-shipment financing from Tradewind. Added working capital and cash flow are being used to procure raw materials, cover packaging costs and to bridge the gap until payment is due from buyers, 90 days after the invoice is issued.
“We are excited to structure a financing facility that can further strengthen our client’s operations and allow them to meet the growing demands of their international clients,” Akash Kanungo, vice president, business development of Tradewind’s India office, said. “Our working capital support enables them to continue delivering high-quality products on time, while maintaining the financial stability needed to navigate the complexities of global trade.”
