Daily News: June 4, 2019

Tradewind Provides $2.8MM Facility to Organic Food Producer

Tradewind delivered a $2.8 million export factoring facility to a Peru-based company that prepares and sells organic health food products, such as quinoa, dried goldenberries and mango, and cacao items to buyers in the U.S., Europe, Canada, and Australia.

The facility will be applied to help strengthen the company’s business in international markets.

The natural foods company has an office in Lima and operates a state-of-the-art processing plant in the northern Andes. Tradewind offered local support from its senior management in the region and structured a customized financing solution at competitive rates that provided immediate liquidity to the company. Additionally, the financial firm performed collections on the health food producer’s behalf and reduced risk for the company overseas by providing credit protection.

The facility will not only help the company capitalize on sales opportunities abroad, it will also better enable it to support the local community at home, one of their priorities as a business. Among other benefits, the superfood seller offers on-time payment at Fair Trade prices, regular training, and additional financial assistance to the rural farmers who harvest the crops for their products.

“We value companies like our client who are committed to giving back to the community they work in and feel strongly that our cash flow solution will set them up for a strong performance in international markets while helping them sustain their mission locally,” says Fabrizio Vásquez Curotto, country manager of Tradewind Peru.