EACCNY member DS-Concept Factoring, Inc., a global commercial finance company specializing in international non-recourse factoring, has provided a $10 million export accounts receivable facility to a vertically integrated garment manufacturer. The client, headquartered in India, has global sales in excess of $100MM and is one of the country’s largest manufacturers of branded apparel.
“We are extraordinarily pleased and honored to have such a reputable client of this magnitude join our portfolio.” states Brandyn Prust, Vice President of Sales. “The company’s local banking facilities weren’t sufficient enough to facilitate their double digit growth. DS-Concept, in conjunction with our client’s local bank, will give them the liquidity needed in order to fulfill the growing company’s orders in the coming years.”