Tradewind Finance Announces $10 Million Factoring Facility for U.S. Subsidiary of Critical Mineral Supplier

Tradewind Finance, a global trade finance firm, has announced a $10 Million factoring facility for the U.S. subsidiary of one of the world’s largest suppliers of vanadium, a critical mineral used in steel manufacturing. The client is using the funding to enhance its working capital, facilitate growth, and improve its operational efficiency.

The company’s vanadium products are used in a variety of industrial applications including infrastructure, aerospace, energy, and more. The metal is mined in South America and supplied to global markets.

In the arrangement, the company is selling its receivables to Tradewind for cash, enabling the client to strengthen its liquidity as it takes on growth. The factoring facility, made to bridge cash flow between production and payment receipt, also better positions the client to offer and accept open account terms with their international buyers, terms where payment is typically due at a later date.

“Our client is a leader in the supply of critical metals globally, and we are thrilled that our factoring services can assist them in their growth and operational goals,” René Pastor, CEO of the Americas and Europe at Tradewind, says.

Brian Dowd, Senior Vice President in Tradewind’s New York office who is also responsible for overseeing factoring services for clients operating in the Americas, commented: “This client had an international footprint that we were able to match with Tradewind’s international capabilities, including our cross-border financing, credit protection and overseas collections services.”

For more about Tradewind’s export factoring solutions that improve cash flow and facilitate international growth, 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, 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.

Source: Tradewind Finance