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DS-Concept Provides $2MM Factoring Facility to Suit Manufacturer

June 26, 2014, 07:32 AM
Filed Under: Apparel

DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $2 million 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.

“We’re eager to be partnering with an exemplary domestic factoring company while expanding our global presence in Vietnam.” states Brandyn Prust, Vice President of Sales. “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.”

The DS-Concept Group maintains a network of offices and affiliates all over the world, including the USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, the UK, China and the United Arab Emirates as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's small and mid-sized exporters.

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