DS-Concept Provides $5 Million Factoring Facility to Brazilian Beef Exporter
DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $5 million export accounts receivable facility to a slaughterhouse in Brazil. The client, a family owned business, provides high quality beef to over 25 countries including the Magreb, Gulf States, Europe, China and Hong Kong. As DS-Concept will provide funding early in the supply chain to maximize cash-flow, the client will be able to sell to even the largest overseas import houses, due to their ability to offer competitive terms. DS-Concept will provide financing on TT, deferred payment L/C and CAD payment terms and anticipates a factored volume of $50MM-$60MM for 2015.
“The Brazilian meat export business and DS-Concept’s trade finance are natural partners. Brazil has some of the best, and largest protein export production in the world—and global demand is only growing stronger,” states John Stillwaggon, Vice President of Sales. “What’s often lacking is a financial partner that can accommodate the large credit lines needed to sell into this demanding global supply chain. We’re very pleased to begin working with our newest client, and playing our part in strengthening the Brazilian economy through one of its key sectors—global exports.”
The DS-Concept 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 brings streamlined, flexible and best-in-class services to the world's exporters.
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