DS-Concept Announces $1 Million Credit Facility to Garment Manufacturer in Bulgaria
DS-Concept is pleased to announce that it has provided a $1 million factoring facility to a textile manufacturer of women’s fashion garments. Based in Bulgaria, the client is a producer of ladies jackets, trousers and skirts. They market their products to prominent European fashion brands such as Gerry Weber and El Corte Ingles.
The family-run textile company’s typical turnaround time from placing an order to delivery is one month, which leaves the client facing low liquidity when buyers place large orders. To overcome this obstacle, the client sought out cash-flow solutions. DS-Concept was able to provide the client finance payment terms for large buyers in two currencies.
"DS-Concept provided an export factoring facility in EUR and domestic factoring facility in BGN. This is an example where DS-Concept uses its global resources to create liquidity at multiple points, currencies and destinations,” states Boris Tzvetanov, Country Manager of Bulgaria at DS-Concept.
The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, Peru, 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 exporters.
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