Tradewind Finance provided a $2.3 million credit facility to a textile manufacturer based on India.
In operation since the 1960s, the company manufactures bags for packaging, floor coverings and apparel. The manufacturer exports to various European countries and to the United States. The larger group the company belongs to has been working with Tradewind for years and introduced it to the manufacturer, which needed to ensure it had the liquidity to pay suppliers without delay.
“Given our global network and cross-border financing, our client trusted the team at Tradewind to help support their sales in markets abroad. We are happy to have made managing relationships across the supply chain easier for them,” Soheil Zali, regional commercial director at Tradewind Middle East Limited, said.
