Tradewind Finance structured a €3 million ($3.26 million) credit facility for a German company that trades in polyester fibers and delivered €650,000 ($707,160) in funding for a Turkish clothing manufacturer that makes denim and non-denim apparel.
Tradewind Finance provided a $2.3 million credit facility to a textile manufacturer based on India.
A UK-based trading company specializing in medical scrubs and everyday activewear received $1.2 million in credit facilities from Tradewind Finance. The facility will provide the company with the ability to improve its cash flow and add to its growth plans.
Tradewind Finance provided $2.5 million in working capital funding to a canned seafood company based in Miami, which will use the financing to expand its business in the United States, where the company sells packaged tuna and sardines.
Tradewind Finance provided receivables financing of $5 million to a garment manufacturer from Mauritius. A diversified company with 1,200 employees, the manufacturer specializes in manufacturing and finishing denim products for distribution to retailers worldwide.
Kevin Gillespie joined Tradewind Finance as vice president of sales based out of Pittsburgh. Gillespie has experience in the factoring and larger finance industry. He will be responsible for driving business growth in his new role.
Tradewind Finance closed a €1.5 million ($1.8 million) export factoring facility for a producer of hazelnut items based in Turkey that sells to more than 50 countries.
Tradewind Finance provided a $1 million domestic factoring facility to a seafood importer and wholesaler based in the United States that sells a variety of fish, including snapper, tuna, swordfish, mahi-mahi and grouper, to retailers and distributors in the United States.
Tradewind Finance hired Daniel Najman as vice president of sales in Miami and Greg Champion as vice president of sales in Chattanooga, TN.
Tradewind Finance completed a $5 million export factoring facility for a U.S.-based meat trading company. The company has a subsidiary in Brazil and exports to the Middle East, South Africa and Asia. Funds will be used to support its growth.