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.
The company is a new subsidiary of a large seafood farmer and processor based in Costa Rica and is using the funding to expedite cash flow back to the parent company and support growth in the U.S.
At the time of the financing deal, the company was experiencing high growth. According to Tradewind Finance, the company worked with another factoring firm in the past but chose Tradewind Finance as its new financial partner because of Tradewind Finance’s pricing and experience working with businesses in the seafood sector.
