A canned seafood company based in Miami has received USD 2.5 million in funding from Tradewind Finance. This working capital will be used to expand business in the United States, where the company sells packaged tuna and sardines.
As the canned seafood brand had a surge of orders within the US, it sought financing from Tradewind. In order to keep up with demand stateside, the Miami subsidiary needed faster cash flow from a parent company based in Ecuador. Moreover, the parent company intended to move all sales out of Latin America to its US entity, a move that would require additional working capital.
Tradewind’s ability to finance the transit of goods from the parent company in Ecuador to the Miami office it supplied set it apart from other lenders from the very beginning. Having a presence in Latin America and the United States also ensured a dedicated level of care for the client. Tradewind’s competitive pricing, scalable funding that can increase as sales and customer lists grow, and credit protection that ensures 100% payment in the event of buyer bankruptcy also made Tradewind an attractive option for the client.
Tradewind’s flexible financing has won industry recognition for years. “We are delighted that our client chose us to be their lender of choice. Our goal is to support their growth ambitions in the US and their overseas sales in the future,” said Flavia Coetzee, Vice President of Sales in Tradewind’s New York office.
In addition to its headquarters in Germany, Tradewind Finance has offices in Bangladesh, Brazil, Bulgaria, China, Hong Kong SAR, Hungary, Iceland, India, Pakistan, Peru, Turkey, United Arab Emirates, and the United States. By combining financing, credit protection, and collections, Tradewind offers streamlined, flexible, and best-in-class services to exporters and importers around the globe.
