Tradewind Finance Closes Credit Facility for Indian Chemicals Company

Tradewind Finance funded a chemicals company based in India that manufactures solutions and dyes intended for a variety of applications, including pharmaceuticals, food processing and personal care products. The company is using the funding for working capital purposes, including the purchase of raw materials.

After its previous lender abruptly stopped operations, the Mumbai-based manufacturer, which exports to the United States and Germany, needed a new financial partner that could deliver financing right away to avoid disruptions to its business. Given the steep competition of the chemicals industry, with its limited pool of buyers, the manufacturer required ample capital to continue to win business. Additional cash flow would afford the client flexibility in its negotiations with buyers, allow it to pay suppliers on time and help its invest in research and development for enhancements to its offerings, among other things.

The client received an export factoring facility structured in two currencies, U.S. dollars and euros, from Tradewind Finance, which equipped the client with approximately $800,000 in funding. The facility supports 60- to 90-day credit terms with the client’s buyers.

“Our client was looking for a short-term financing facility with an urgent turnaround. We are pleased that we were able to provide funding in a short span of time, which helped our client to sustain their business and appeal to new international buyers,” Soheil Zali, regional commercial director and board of director at Tradewind Middle East Limited, said.

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