DS-Concept Announces Credit Facility for U.S. Meat Trader
DS-Concept is pleased to announce that it has provided a €100,000 post shipment finance facility to an international meat trader selling to buyers from Bulgaria, Czech Republic, and Canada. The company, based in the US, is using the facility to increase sales and extend payment terms with European buyers, a move that will help it attract new business.
Talks of the facility manifested at a time when the client was experiencing low liquidity and was not able to offer longer payment terms sought by its buyers. The meat trader also met challenges finding a US bank or factor able and willing to finance and handle accounts receivable in EUR.
Since it can fund in multiple currencies across global markets and has vast experience in the SME food commodity sector, DS-Concept was an ideal fit for the client, who was operating in EUR from the US.
“This client is another good example of DS-Concept’s ability to offer liquidity to companies around the globe selling in various currencies and to various destinations,” says Borislav Tzvetanov, Managing Director of DS-Concept Bulgaria.
The DS-Concept Group maintains a network of offices and affiliates all over the world, including Bangladesh, Bulgaria, China, Hong Kong, Hungary, Iceland, India, Pakistan, Peru, Spain, Turkey, UAE, UK and USA as well as the headquarters in Germany. Combining financing, credit protection, and collections into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world's exporters and importers.