SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

November 20, 2014 09:00 ET

DS-Concept Provides $3 Million Factoring Facility to Apparel Distributor in China

The Factoring Specialist DS-Concept Factoring Adds a New Chinese Client to Its Client Portfolio

MOENCHENGLADBACH, GERMANY--(Marketwired - Nov 20, 2014) - DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to an apparel exporter in China as well as their US subsidiary. The client, who provides products to retailers and wholesalers in the United States, is growing significantly and anticipates a total factored volume of $25 million for 2015.

"It's always exciting to work with a client who is knowledgeable enough in their industry to be expanding into different markets," states Brandyn Prust, Vice President of Sales of DS-Concept Factoring's US office. "Their new presence in the US will grow their book of business and allow them to target retailers which don't always purchase on FOB terms. Together with our team in Shanghai, we have been able to provide a comprehensive solution for Chinese nationals who open subsidiaries but have difficulty obtaining adequate lines of credit in the US."

The DS-Concept Factoring 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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