Tradewind Finance Delivers $1MM to Texas Steel Products Distributor

Tradewind Finance provided a Texas steel products distribution company with a $1 million distribution facility. The facility accelerated cash flow by advancing on the company’s receivables, giving it the financial cushioning to extend payment terms to big box retailers. In addition, the company could pay suppliers faster with the additional capital on hand.

The Texas enterprise is co-owned by a steel outfit in India, where Tradewind also has an office and staff. This dual presence was reassurance to the company when deciding on its preferred lender.

“By partnering with Tradewind, the client was able to attract larger buyers by offering more flexible payment terms than their competitors while still being able to keep pricing competitive,” Kevin Gillespie, vice president of sales at Tradewind USA, said.