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Tradewind Finance Secures USD 3.5 Million Facility for Hong Kong Subsidiary
Tradewind Finance has announced a USD 3.5 million credit facility for the Hong Kong subsidiary of a prominent German shirt company. This arrangement aims to enhance the subsidiary's cash flow and manage its global operations efficiently amidst changing trade policies.
The facility allows the Hong Kong-based company to convert receivables into cash promptly. This ensures steady liquidity, aiding in meeting payment terms with Asian suppliers and accommodating open account terms with US buyers.
Introduced by MODINT Credit & Finance, the collaboration with Tradewind highlights successful partnerships in securing necessary financing. Tradewind's ability to bespoke a factoring solution has catered to the client's specific needs in the apparel sector.
R. H.
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