SOURCE: DS-Concept Factoring GmbH
NEW YORK, NY--(Marketwire - Mar 18, 2013) - The North American (NYC) office of DS-Concept, (www.ds-concept.net), a German-based import/export trade credit firm established thirteen years ago, has announced several recently closed transactions:
- A New York distributor who imports swing sets, dollhouses, playhouses, and other related large, outdoor toys from China. This distributor, selling to major American toy retailers and big-box discounters, has warehouses in the greater New York metro region and has opened a sister enterprise in Texas. They required a purchase order finance component in addition to expanded accounts receivable financing so they would not forego volume orders, and so they could expand beyond the New York area. DS-Concept Factoring has opened with a $1M facility, with an opportunity for additional funding.
- A well-known, growing women's apparel company in the New York region, with a sister office in Pakistan (where DS maintains an office). This company sells to recognized women's apparel retail chains. They wanted both their purchase order financing and accounts receivable financing to be sourced at one firm, no longer requiring them to use separate and different lenders. DS-Concept Factoring has provided a $1M facility.
DS-Concept is an international trade financing expert, which has set itself the objective of ensuring the liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimised cash flow solution to its customers. With offices in ten countries across four continents, the DS-Concept Group (www.ds-concept.net) maintains the network necessary to provide its services to its customers around the globe.