Tradewind Finance, a global trade finance provider, has announced a credit facility for a distributor of innovative home appliances based in Hungary. The company is utilizing the facility to bridge cash flow while supporting the pre-payment conditions of their Asian imports and the long payment terms of their receivables.
The company’s modernized appliances, which include dishwashers, ovens, refrigerators, and washing and drying machines, are distributed through a European brand name, with exports to Southeast Europe.
Amid steep competition in the large “white goods” industry in Europe from traditional brands, the Hungarian importer is also leveraging the added cash flow from Tradewind to pursue strategic initiatives and strengthen buyer relationships. At the time the deal took shape, the distributor had been facing a conservative attitude from the bank, placing Tradewind as a more flexible financing option.
“We’re thrilled to have partnered with such a cutting-edge company in the home appliances space. Using our working capital solution, our client is able to ensure a steady cash flow for their business, stay competitive, and continue to create game-changing products for the home,” says Balázs Domonkos, Senior Sales Manager in Tradewind’s Hungary office.
He adds: “Our international capabilities in funding cross-border transactions, quick response time, and local management support set Tradewind apart from other lenders. The client has also expressed interest in our supply chain financing to arrange advance funding for suppliers in Asia.”
To learn more about Tradewind’s cash flow solutions that enable businesses to grow and trade smoothly across borders, 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, 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.
