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DS-Concept Provides $4 Million Factoring Facility to Multinational Seafood Exporter

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $4 million export accounts receivable facility to a multinational shrimp exporter headquartered in Spain with facilities in the US and Argentina. The client, who provides cold water shrimp to retailers and wholesalers in Europe, Asia, the US, and GCC, is growing rapidly because of falling exports from the US and anticipates a total factored volume in excess of $30 million for 2015.

“We’re very pleased to welcome a third generation family business to our portfolio of clients,” states Brandyn Prust, Vice President of Sales of DS-Concept Factoring’s US office. “The new credit facility will allow the company to focus on sales in regions which were dominated by their competition, such as Northern Europe and the Gulf States, resulting in exponential growth.”

The DS-Concept Group 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.

DS Concept Factoring is a member of the EACCNY and can be reached at