Indian Jute Products Trading Company
Gets Funding from Tradewind Finance
For an Indian trading business that specializes in jute products, Tradewind Finance - an international trade finance companies, offered a USD $1 million loan facility.
Jute is a tough fiber used to manufacture bags and rugs. It requires little fertilizer or pesticides to develop when it is a plant because it depends on rain for growth. When West Bengal, India's rainfall decreased this year, the company started buying raw jute from Bangladesh, which turned out to be a pricey substitute. On the other hand, because of the high expenses of inventory, the trader's customers, who are based in the USA and Canada, were not placing many orders.
The business sought assistance from Tradewind Finance's financial services to resolve both of these problems. The lender's injection of liquidity gave the trader to secure greater savings by paying their supplier in cash through this way.
In addition, the facility provided the trader with the financial cushion necessary to grant their customer 45-day credit terms, which led to the latter starting to place more orders.
Having a dependable source of finance from Tradewind can help keep things in line when you cannot control economic or environmental circumstances, according to Soheil Zali, regional commercial director at Tradewind Middle East Limited.
"We are pleased that our client's expansion and the maintenance of their positive supplier ties were aided by our cash flow solutions.
Tradewind Finance, which was established in 2000, has offices in Bangladesh, Brazil, Bulgaria, China, Hong Kong Special Administrative Region, Hungary, India, Pakistan, Peru, Turkey, United Arab Emirates, and the United States in addition to its headquarters in Germany.
Tradewind offers the exporters and importers of the world simplified, flexible, and best-in-class services by combining financing, credit protection, and collections into a single suite of trade finance products.
To read more about international trade finance companies, visit our blog site at https://www.tradewindfinance.com/ You may also visit our website at https://www.tradewindfinance.com/news-resources