Tradewind Finance, an international trade finance provider, has announced credit facilities for two trading companies based in Bulgaria that specialize in fertilizer products. The facilities are providing working capital for growth and expansion.
Tradewind’s factoring solutions are used by businesses to speed up cash flow, conduct trade seamlessly, and to grow. In one of the arrangements announced today, Tradewind delivered a domestic factoring facility for a client to support their fertilizer sales within Bulgaria. The facility has created the financial footing for the client to offer extended payment terms to their customers, helping to retain their business (extended terms allow customers themselves to manage their cash flow more effectively). Being able to offer long credit terms will help the client attract new buyers as well.
When the company entered the international market, Tradewind also supported their growth abroad by adding an export factoring facility for their cross-border sales. The facility was recently scaled up to EUR 1,300,000 in line with rising demand for their fertilizers.
Another client Tradewind has partnered with is similarly involved in the trading of fertilizers. Like the other arrangement, the facility is enhancing the client’s liquidity and working capital and setting them up for operational success. Furthermore, having sufficient working capital allows the company to expand operations, seize growth opportunities, and lay the foundation for the next phase of its growth.
Fertilizer is used to enrich soil and boost crop yields, making it a sought-after ingredient for modern agricultural supply chains. Supplying their products to agricultural and manufacturing companies, both clients were eyeing growth and had plans to enhance their offerings and operations at the time their respective financial partnership with Tradewind took shape.
“Whether they were used to offer longer payment terms to buyers, inject working capital to finance expansion, or to hone their competitive edge in the global marketplace, Tradewind’s factoring facilities have enabled each client to take their business to the next level, build more efficient operations, and continue on a path of growth,” Desislava Yordanova, Sales Manager in Tradewind’s Bulgaria office, said of the deals.
For more information on Tradewind’s trade finance solutions that have helped businesses thrive for nearly 25 years, visit our website: https://www.tradewindfinance.com/
About Tradewind Finance
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. 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.
