Tradewind has provided a $3 million non-recourse factoring facility to a high-growth licensed toy manufacturer. The company is using Tradewind’s factoring facility to expedite cash flow and facilitate its penetration into new overseas markets. As a seasonal business experiencing increasing demand from retail stores, the company saw Tradewind as a better option than a traditional bank because of their ability to accommodate for growth and seasonality.
The company, based in Texas, is a licensed manufacturer and distributor of several well-known toy brands. Their customer base includes distributors and large retailers such as Toys“R”Us, Walmart and Carrefour in Europe, United States, Mexico, Canada, and the UK. Tradewind’s international factoring capabilities will enable the toy and game manufacturer to execute its global business model.
“I’ve known the company since their early stages. After witnessing their year over year growth and examining their plans to expand into new markets, it became clear that our international trade finance facility would provide a great value-added that will be instrumental in achieving the company’s far reaching goals,” said Brian Dowd, Vice President of Business Development at Tradewind USA.
Tradewind works with low to mid-market companies worldwide to provide non-recourse factoring and supply chain financing. With over 150 employees located in 14 countries, speaking over 15 languages, our staff offers world class customer service and truly understands global trade.
