DS-Concept Funds Netherlands Sub of US-based Tech Products Distributor
DS-Concept has recently on-boarded a major global provider of technology products that sells networking hardware, telecommunications equipment and high-tech services. The company is headquartered in New Jersey and averages $40 million in sales annually.
The company approached DS-Concept to fund their European sales originating from their subsidiary in the Netherlands. While established in the U.S. for over ten years, the European subsidiary has been in operation for under two years and, because of their relatively short sales history, they had difficulty satisfying the strict requirements of their European bank. On the other hand, their bank on the U.S. side didn’t have the capabilities to fund internationally.
Because of DS-Concept’s international finance expertise and capabilities, DS-Concept was considered the most suitable partner to respond to their working capital needs. After assessing the company’s growth projection, customer credit worthiness and management strategy, DS-Concept was able to structure a $1,000,000 factoring facility for the company. DS-Concept will be instrumental in the company’s year-over-year growth and in its ability to penetrate new markets.
DS-Concept is an international trade finance group headquartered in Germany with 15 global offices. DS-Concept works with SME and middle market companies worldwide to provide non-recourse factoring and supply chain financing. With over 150 employees located in 13 countries, speaking over 15 languages, our staff offers world class customer service and truly understands global trade.