DS-Concept Provides $3.5 Million Export Factoring Facility to Apparel Manufacturer in China
DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $3.5 million export accounts receivable facility to an apparel manufacturer in China. The client, exporting mainly to large wholesalers in the United States, is implementing this facility to support their increasing sales on open account payment terms. With the export facility in place, the client is able to free up their working capital as they begin R&D to launch a new product line. The client anticipates an annual factored volume of $18MM-$20MM.
“Sourcing and manufacturing in China, the client is expanding rapidly into the US market,” states Jason Wang, Sales Manager at DS-Concept China. “Being at the mercy of increasingly longer payment terms from their overseas buyers, our financing solution enables them to take on larger purchase orders and grow exponentially.”
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.