Tradewind Finance provided a $1 million domestic factoring facility to a U.S. seafood importer and wholesaler.
The company, a new subsidiary of a Costa Rica-based seafood farmer and processor, is using the funding to expedite cash flow back to the parent company and support growth in the U.S.
“Our client’s parent company in Costa Rica is a well-established aquaculture company with a great track record of sales to the USA. We are excited to work with our client, the new USA subsidiary, to help maximize their potential in the U.S. market through our non-recourse factoring facility, which provides both risk mitigation and financial support,” Brian Dowd, vice president at Tradewind, said.
Tradewind provides trade finance products surrounding financing, credit protection and collections.
