DS-Concept Factoring has provided a $2.5 million export accounts receivable facility to an apparel distributor in California
Online PR News – 01-August-2014 – Germany – DS-Concept Factoring has provided a $2.5 million export accounts receivable facility to an apparel distributor in California
The client, with an expected factoring volume of $17 million, provides licensed products to retailers and wholesalers in Canada, Europe, and South Africa, is rapidly expanding their global presence. DS-Concept Factoring GmbH is a global commercial finance company specializing in international non-recourse factoring. (www.ds-concept.net)
“We’re excited to work with a well-established firm which has extensive knowledge in manufacturing and distribution,” states Brandyn Prust, Vice President of Sales. “It’s great to see that their liquidity is dramatically increased given that their foreign accounts receivable are now a part of the company’s borrowing base.”
DS-Concept’s New York office has also recently announced a $2 million non-recourse export accounts receivable facility to a suit manufacturer in Southeast Asia which provides private label products to retailers and wholesalers in the US. DS-Concept was introduced to the prospect by a US factoring company whose client was unable to get favorable terms from the manufacturer. The client is currently expanding their facilities to double their sales in the next twelve months and anticipates a yearly factoring volume of $11 million.
“We’re eager to be partnering with an exemplary domestic factoring company while expanding our global presence in Vietnam.” says Brandyn Prust. “This scenario is a perfect example of Intelligent Trade Finance; we were able to provide a cost effective solution for a growing manufacturer’s cash-flow need as well as increasing our partner’s factoring volumes.”
DS-Concept Factoring GmbH
Contact: Johan Geduhn
Fon: +49 2161 697790
Fax: +49 2161 6977979
DS-Concept is an international trade financing expert, which has set itself the objective of ensuring liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimized cash flow solution to its customers. With offices and affiliates in eleven countries, the DS-Concept Group (www.ds-concept.net) maintains the network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany and provides its services to its customers around the globe.