Trade Finance Solutions served as lead financier for the completion of the second tranche of a $100 million supply chain finance program for a Southeastern U.S. mobile technology company serving clients worldwide.
“This facility will enhance the company’s working capital position by extending payment terms well beyond those provided by the company’s key suppliers,” said Jeremy Bedford, TFS vice president of Business Development & Syndications.
Funding for the remaining two tranches – totaling $50 million – should be completed within the next 90 days.
Founded in 2006, Trade Finance Solutions is a provider of domestic and international financing solutions for growing mid-sized businesses across a wide variety of industries and geographic locations.
