DS-Concept Provides $5 Million Factoring Facility to Beef Exporter in Brazil
DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $5 million export finance facility to a slaughterhouse in Brazil. The client, who anticipates over $50 million in export sales for 2016, supplies chilled and frozen beef to the Middle East, Asia and Europe. With the export facility in place, the client is able to operate without requesting payment in advance. The financing thus allows the importer to only pay for the goods once they have arrived at the port, without hurting the exporter’s cash flow during the in-transit period.
“Having recently invested in a new slaughterhouse and rapidly expanding their production to meet demand, DS-Concept’s financing is the perfect fit to ensure our client can maintain growth in existing and new export markets,” states John Stillwaggon, Senior Vice President of Sales. “With increased liquidity and the ability to finance their documentary and open account sales to overseas customers, we are excited to partner with them as they secure even more major buyers in new markets around the world.”
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 exporters.