SOURCE: DS-Concept Factoring GmbH

DS-Concept Factoring GmbH

December 17, 2014 09:00 ET

DS-Concept Provides $4 Million Factoring Facility to Multi-National Seafood Exporter

MOENCHENGLADBACH, GERMANY--(Marketwired - Dec 17, 2014) - DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $4 million export accounts receivable facility to a multi-national shrimp exporter headquartered in Spain with branch locations in the US and Argentina. The new DS-Concept-client who provides cold water shrimp to retailers and wholesalers in Europe, Asia, the US, and GCC is growing rapidly because of shrinking exports from the US and anticipates a total factored volume in excess of $30 million for 2015.

"We're very pleased to welcome a third generation family business to our portfolio of clients," states Brandyn Prust, Vice President of Sales of DS-Concept Factoring's US office. "The new credit facility will allow the company to focus on sales in regions which were dominated by their competition, such as Northern Europe and the Gulf States, resulting in exponential growth."

The DS-Concept Group maintains an international network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, the 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.

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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