Tradewind provided a $2 million expert factoring facility for an electronics company based in Hong Kong that sells smart watches, smart bands and tablets to traders and retailers.
The company is able to extend open account payment terms to its consumers and continue to grow its business with Tradewinds’s funding in place.
When the company began discussions with Tradewind, it was approaching its peak export season. As an SME, it lacked the strong financials banks look for before issuing a loan. It therefore valued Tradewind’s willingness to fund based on the creditworthiness of the importer instead.
Though it traditionally worked on at sight arrangements with its customers, the company wanted to extend open account payments terms to one of its buyers to stay competitive and keep winning orders.
Tradewind structured a financing solution that met the client’s unique needs and provided funding promptly.
_x000D_
“Tradewind’s expertise in trade finance and its strong client relation team made the financing process easy for both the buyer and supplier and sped up every step,” says Alice Lo, VP of Sales for Tradewind, Hong Kong.
