DS-Concept Factoring, Inc., a global commercial finance company, and a member of the EACC New York, specializing in international non-recourse factoring, has provided a $2.5 million export accounts receivable facility to an apparel distributor in California. The client, who provides licensed products to retailers and wholesalers in Canada, Europe, and South Africa, is rapidly expanding their global presence.
“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.”
The DS-Concept Group (www.ds-concept.net) maintains a 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. 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.