Tradewind Finance provided $2.5 million in working capital funding to a canned seafood company based in Miami, which will use the financing to expand its business in the United States, where the company sells packaged tuna and sardines.
The canned seafood company received a surge of orders in the United States and sought financing from Tradewind Finance. In order to keep up with demand stateside, the company needed faster cash flow from its parent company based in Ecuador. Moreover, the parent company intended to move all sales out of Latin America to its U.S. entity, a move that would require additional working capital. Tradewind Finance financed the transit of goods from the parent company in Ecuador to its Miami location.
“We are delighted that our client chose us to be their lender of choice. Our goal is to support their growth ambitions in the U.S. and their overseas sales in the future,” Flavia Coetzee, vice president of sales in Tradewind Finance’s New York office, said.
