Tradewind Finance, an international trade finance company, closed a $17 million credit facility for a consumer product manufacturer offering at-home sporting equipment. The facility will be used to unlock cash flow and to support seasonal demands.
Tradewind Finance provided a $1 million domestic factoring facility to a U.S. seafood importer and wholesaler.
Tradewind appointed Derek Binns vice president of sales in Europe. Binns previously served at Otto Group and will focus on supporting Tradewind’s client base across Europe, with a specific concentration on countries where major buyers are established.
Tradewind has closed a reverse factoring deal with a Hong Kong-based electronics company whose buyer is located in the U.S.
Tradewind has closed a $2.5 million trade finance facility for a company based in China and the U.S. that sells sustainable, ecologically sourced, and manufactured homewares.
Tradewind completed a deal with a China-based tire company based to provide a recurrent facility of $800,000 to support the company’s export business to the U.S.
Tradewind provided a $2 million expert factoring facility for an electronics company based in Hong Kong.
Jose Roca has joined Tradewind as senior vice president in the firm’s New York office.
Tradewind has closed a $200,000 trade finance facility for a Peruvian exporter of grains, paprika, peppers and garlic.
Tradewind has provided a $1.4 million credit facility to a home fashion products company based in Shanghai that designs and sells kitchen utensils and home accessories to buyers located domestically and in the U.S. and Europe.