Tradewind Finance Provides $2MM Export Factoring Facility to East Mediterranean Food Manufacturer

Tradewind Finance completed a $2 million post-shipment finance facility for a manufacturer and exporter of East Mediterranean food based in Lebanon. The company sells beans, vegetarian dips, jams and olive oil, among other items, and exports to the U.S., Canada, the UK, Europe and the Middle East. The company will use the funding to support growth and the expansion of its production plant.

When discussions of a financing relationship began, the company was experiencing high growth and wished to continue to ramp up its sales and production capabilities. Since local banks in Lebanon did not offer export financing, Tradewind’s non-recourse factoring solution offered the necessary financial support to fund the company’s export sales and cater to its capital demands.

Tradewind expedited cash flow to the company, so it could keep filling orders and invest in its production facility. In addition to funding, Tradewind provided credit protection and leveraged its international presence to support collections in the regions where the company’s customers are located.

“Tradewind Finance is pleased to work with a well-established brand of East Mediterranean cuisine and assist them with their cash flow, credit protection and collections needs,” Brian Dowd, vice president at Tradewind’s New York office, said. “As they continue investing in capital expenditures and expanding their manufacturing capacity in Lebanon, our export factoring facility will generate additional liquidity to support their ongoing growth.”

Tradewind Finance maintains a network of offices all over the world, including in Bangladesh, Brazil, Bulgaria, China, Hong Kong, Hungary, Iceland, India, Pakistan, Peru, Turkey, the United Arab Emirates and the U.S., as well as the headquarters in Germany.