DS-Concept Factoring, an international trade financing expert, striving to ensure the liquidity of exporters has provided a $1 million Export Accounts Receivable Facility (EARF) to a home textiles manufacturer in India.
The client, a family-owned company facing cash constraints due to their rapid expansion 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.
Their newest client has joined them 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.
Their 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 their client's back-office: providing local trade credit advice, collections, and bookkeeping services in the countries that their 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.
With headquarters in Germany and its network operating on a worldwide basis, DS-Concept has its fingers on the marketâ€™s pulse and continues to grow into new territories along with clients while growing their businesses globally.
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