SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

November 11, 2014 09:00 ET

DS-Concept Factoring Provides $1 Million Export Factoring Facility to Indian Textiles Manufacturer

DS-Concept Factoring Has Provided a $1 Million Export Accounts Receivable Facility to a Home Textiles Manufacturer in India

MONCHENGLADBACH, GERMANY--(Marketwired - Nov 11, 2014) - The client, a family-owned company, is facing cash constraints as they rapidly expand into the US and European markets. DS-Concept Factoring's non-recourse factoring will bring the client much needed working capital; providing 80% funding against invoice and bill of lading for the company's FOB sales. USD, Euro and GBP pound sterling factoring facilities have been put in place to accommodate the entirety of the company's international sales. DS-Concept Factoring is a global commercial finance company specializing in international non-recourse factoring.

"Our newest client joins us at a critical time in its growth -- large enough to get the attention of some major global buyers, but still with somewhat limited capital support," states John Stillwaggon, Vice President of Sales, DS-Concept Factoring. "Our financing will of course provide the means for this company to fulfill its potential within the US and European markets. Equally important however, DS-Concept Factoring will be acting as an extension of our client's back-office: providing local trade credit advice, collections, and bookkeeping services in the countries that our client is selling to. This is an almost invaluable offering to an entrepreneurial company that needs to focus its full attention on sales and production, not worrying about its cash cycle," explains John Stillwaggon from DS-Concept Factoring.

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 Factoring brings streamlined, flexible and best-in-class services to the world's small and mid-sized exporters.

DS-Concept is an international trade financing expert, which has set itself the objective of ensuring liquidity to exporters. To meet that goal, DS-Concept assumes currency fluctuations and provides an optimized cash flow solution to its customers. With offices and affiliates in eleven countries, the DS-Concept Group (www.ds-concept.net) maintains the network necessary to provide its services to its customers around the globe.

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