Tradewind Finance Provides USD 5 Million Trade Finance Facility To Dubai-Based Printing Services Company
Tradewind Middle East, a specialized trade financing enabler, has finalised a USD 5 million deal with a multi-award-winning company that provides a wide spectrum of printing and allied services in Dubai, UAE. As the funding partner of choice, Tradewind’s capital be used to support the company’s liquidity requirements without adding external debt, allowing for immediate realisation of payments from buyers and leading to an improvement in performance metrics.
The JAFZA-based company offers a host of tailored, 360-degree printing services, including design briefing, design and approvals, as well as final printing output with the latest cutting-edge technology on the market. They also handle digital printing for all commercial requirements such as books, planners, stickers, product packaging, and bespoke corrugated stand-alone display units.
To cater to the printing company’s complex needs and requirements, Tradewind developed a customized financing plan with a quick turnaround. Not only did the funding significantly increase the operating capital of the organization, thereby allowing faster payment to and more streamlined relations with their suppliers, it further enabled the company to process more orders and increase their output.
“Due to the current economic landscape, banks have been restricting their lines of credit, which is why the company turned to Tradewind’s non-recourse factoring solution that does not require collateral. We’re pleased to partner with them and provide our innovative custom-made, versatile products and solutions that come complete with reasonable terms and conditions. Thanks to the scalability of Tradewind’s facility, our client has been able to receive adequate funding to grow their business.” said Soheil Zali, Regional Commercial Director, Tradewind Middle East Limited.
The partnership between Tradewind and the printing services provider began more than 4 years ago and has been going from strength to strength ever since. Tradewind currently works with some of the top companies in the fields of pharmaceuticals and cosmetics as its debtors to this relationship. To date, they have closed approximately USD 2.5 million worth of turnover with the pharmaceuticals company and USD $10 million worth of business with various entities of the cosmetics corporation.
Trade finance enables companies to receive a cash payment based on accounts receivables in case of factoring. By giving the importer and exporter access to tailored financial solutions, multiple products can be used any time to make sure that deals take place seamlessly. Moreover, trade finance can help all types of businesses – both large and small - to obtain funding and receive an extension of credit, so they can avoid delays in payments and shipments, and plan their cash flow more efficiently.
Founded in 2000, Tradewind is headquartered in Germany, and has established a network of offices across the globe, including Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, UAE, and USA. Combining financing, credit protection, and collections into a single suite of trade finance products, Tradewind brings streamlined, flexible, and world-class services to the world's exporters and importers.
