Auzzi Shopping

Men's Weekly

.

Tradewind Finance Provides Export Factoring Facility for Tiles Trader in Hong Kong

  • Written by Auzzi Shopping

HONG KONG SAR - Media OutReach - 22 March 2023 - Tradewind Finance has successfully closed a USD 205,000 export factoring facility for a tiles trader in Hong Kong. The funding has enabled the company to improve working capital and develop a diverse portfolio of global buyers.



Established almost 15 years ago, the company has been focusing on exporting tiles and natural stones from China to Australia and New Zealand. With high-quality products and an all-in-one service, including design and project monitoring during production, the trader not only appealed to suppliers but it also developed qualified buyers across the world.

However, as more buyers requested credit terms, which was different from the original payment term T/T before shipment, the self-financing company found it hard to grow its business. Piled-up account receivables resulted in a significant gap in cash flow, which made it difficult to meet financial obligations for suppliers and caused it to decline orders from new buyers in the USA.

Attracted by the 23-year solid track record in trade finance, the client contacted us to ease intense capital pressure. Tradewind's immediate tailor-made funding solutions enabled the trader to accelerate cash flow and reduce trade risks. With the flexible and scalable facility, the company was able to maintain operations, increase business with existing buyers and accept open account orders from new buyers without the fear of a working capital shortage.

"The experienced client is a professional in tiles trading. With our timely support, the client received stable access to the working capital they needed to operate efficiently," said Dickson Au, Regional CEO – Far East, at Tradewind Hong Kong. "The client is expected to deliver business growth in the near future and we are honored to grow with our clients."

Hashtag: #TradewindFinance


The issuer is solely responsible for the content of this announcement.

About Tradewind Finance

Founded in 2000, 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. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and best-in-class services to the world's exporters and importers.

Today's Features at Auzzi

How to Gently Whiten Your Teeth Without Harming Your Enamel

Source Image We all want whiter and cleaner teeth. However, there is a ton of misinformation out there. We do live in the age of the internet after all, and myths can spread faster than w...

How Headless CMS Enables Faster Content Experimentation for Product Teams

Forever testing to iterate content strategies in a world that changes digitally at lightning speed is essential for product teams. Testing gives access to learnings about what users want a...

The Therapeutic Side of Knitting: How It Supports Mental and Physical Health

Once thought of as a charming hobby for grandparents, knitting has become a popular therapeutic outlet for people of all ages. Knitting offers more than just handcrafted sweaters and scarv...

Don’t Pick the Wrong Floor: Laminate vs Hybrid Showdown

Laminate vs Hybrid Flooring: Which Option Is Right for You? Australia’s flooring market offers an impressive array of options—but for many homeowners, this abundance can be overwhelmi...

Understanding the Importance of a Lorry Water Tank in Water Distribution

Water supply plays a crucial role in sustaining life and supporting industries, especially in regions facing water scarcity or lacking reliable infrastructure. In these scenarios, mobile w...

Brighten Up Your Home: How Clean Windows Transform Interiors

Have you ever noticed how clean windows can completely transform the feel of a room? One minute the space feels dull and closed in, and the next, it is filled with natural light, looking b...

Why DIY Duct Repair Can Be Dangerous and Costly

You spot a loose duct or hear a rattle in the vents, should you grab some tape and fix it yourself? It seems like a quick job, and with energy bills rising, many homeowners in Melbourne ar...