Tradewind Finance Announces $17 Million Credit Facility for Best-Selling Sporting Goods Brand
Summary
NEW YORK, Aug. 21, 2024 /PRNewswire/ -- Tradewind Finance, an international trade finance company, today announced that it has closed a USD 17 million credit facility for a best-selling consumer product manufacturer offering at-home sporting equipment. The sporting goods brand is utilizing the facility to unlock cash flow for its expanding international growth and to support its seasonal demands as orders increase during the second half of the year.After more than a decade of success in the US, the equipment maker is expanding with Amazon globally. Its decision to partner with Tradewind was based on the trade finance providers international capabilities: Tradewind is tailoring working capital support that can meet the brands international business needs, financing-wise as well as for accounts receivable management and credit protection with global buyers. Also, we have plenty of funding capacity to support their seasonality and ongoing growth," Brian Dowd, Senior Vice President at Tradewinds New York office, said of the deal.Tradewind is financing the companys invoices once containers reach the port of origin at locations in Asia, where equipment is manufactured. The deal marks Tradewinds largest facility for and first Amazon Vendor client in the USA.Founded in 2000, Tradewind Finance maintains a network of offices all over the world, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, India, Pakistan, Peru, Turkey, UAE, and the USA as well as the headquarters in Germany.