DS-Concept Announces $2 Million Trade Finance Facility for Garments Manufacturer in Bangladesh
DS-Concept has on-boarded a ready-made garments manufacturer in Bangladesh, arranging a post shipment finance facility for $2 million to accommodate the company’s surging export orders. The company exports mainly to the UK, Germany, and Italy.
The accelerated cash flow will allow the client to work with buyers operating under open account terms, support deferred orders, and be more aggressive in acquiring new ones while ensuring production and shipment are on schedule.
Discussions of the partnership began as the client was facing a liquidity drain. As cash came in, the company was forced to siphon it towards business operation expenses, causing it to become illiquid. With its multipronged approach and international capabilities, DS-Concept has met the problem and provided the liquidity needed at competitive rates. It also manages the collection services and account receivables bookkeeping for the client, acting as an extension of their back office and enabling them to focus on their core business.
“This is a fast-growing company that requires efficient cash flow to fill its rapidly increasing export orders,” says Soheil Zali, Country Manager of DS-Concept Bangladesh. “DS-Concept has become their preferred choice to create liquidity and working capital so they can be more aggressive in global markets while strengthening their credit and collections capabilities.”
The DS-Concept group provides innovative international cash flow solutions tailored for global clients. Focused on the mid-market, its core products are non-recourse factoring and supply chain finance. The group has built an unrivaled reputation for the depth of its international finance expertise by maintaining a network of offices and affiliates around the world including the USA, China, India, Hong Kong, UAE, Turkey, Bangladesh, Pakistan, Iceland, UK, Spain, Bulgaria, Hungary, Peru and its headquarters in Germany. Combining financing, credit protection, and collections into a single trade finance facility, DS-Concept offers streamlined, flexible and best-in-class services.
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