Tradewind Finance, an international trade finance company, closed a $17 million credit facility for a consumer product manufacturer offering at-home sporting equipment. The sporting goods brand is utilizing the facility to unlock cash flow for its expanding international growth and to support its seasonal demands as orders increase during the second half of the year.
“Tradewind is a perfect fit for the client as they continue to scale their international sales,” Brian Dowd, senior vice president at Tradewind’s New York office, said. “While they had many options from other lenders to facilitate their USA growth, we were able to offer a comprehensive solution covering all of their sales across North America, South America, UK, Europe, Asia and the Middle East. Also, we have plenty of funding capacity to support their seasonality and ongoing growth.”
Tradewind is financing the company’s invoices once containers reach the port of origin at locations in Asia, where equipment is manufactured.
