DS-Concept Announces Trade Finance Facility for Innovative Home Electronics Company
DS-Concept Continues to Showcase its Strength as a Leader in Global Trade Finance
DS-Concept is pleased to announce that it has provided a $5 million post shipment finance facility to a high-growth home electronics company based in Northern California. The electronics company is using the facility to create liquidity within its sales ledger and to offer extended terms to tier 1 retailers on a global level. Product demand has created a revenue stream into nine figures annually and DS-Concept is the sole lender supporting the sharp growth trajectory.
In addition to the above facility, DS-Concept has provided one of its custom manufacturers located in Shenzhen, China with a $1.5 million trade finance facility to ensure stability and liquidity within the supply chain to support the highly sought after products.
“The fact that DS-Concept was able to provide financing to both companies, in very different geographies, signifies the strength of DS-Concept’s global resources and its ability to create liquidity at multiple points within a single supply chain,” said Doc Lundberg, Senior Vice President of DS-Concept’s Los Angeles office.
DS-Concept is an international trade finance group headquartered in Germany with 15 global offices and connects with top-tier, middle-market companies to provide post shipment and supply chain finance. With an emphasis on promoting cross border trade growth and mitigating risk, DS-Concept is one of the world’s premier trade finance firms and the go-to resource for the global marketplace.