Tradewind Finance Closes $500K Funding for Workwear Manufacturer

Tradewind Finance closed $500,000 in funding for a manufacturer of workwear and linens based in Lahore, Pakistan. The company exports to Europe, the UK and the United States.

The workwear company is invested in producing attire for a range of frontline professions. With more than two decades in operation, it also has a stake in the the home textiles industry as a manufacturer of bed linens and towels.

The company sought a lender that could bridge the gap in working capital it faced so it could fulfill existing orders smoothly and capitalize on future growth opportunities and expansion. After evaluating the financing options available, the company chose Tradewind Financ as its preferred financial partner.

Rather than having to wait on payment from its customers, the company used Tradewind’s factoring services to monetize its accounts receivable and quickly unlock the capital tied up in them. By converting its receivables into immediate cash, the company secured the liquidity needed to scale the business. The export factoring facility was structured in dual currencies, U.S. dollars and euros.

“We are happy that Tradewind’s tailor-made financing was the right fit for our client. Using our solutions, the client will be able to build business with existing customers as well as new ones in international markets,” Soheil Zali, regional commercial director and board of director at Tradewind Middle East Limited, said.