DS-Concept Provides $5 Million Factoring Facility to Chinese Auto-Parts Manufacturer
DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $5 million non-recourse export factoring facility to an automobile parts manufacturer in China. The client, exporting to Europe, North America and Australia, is implementing this facility to support the increased demand for open account payment terms from their overseas buyers.
DS-Concept has stepped in to provide the client much needed working capital. After investing in a world-class manufacturing plant, the client struggled to meet the demand of larger purchase orders and longer payment terms. With this export factoring facility in place, the client is now refocusing on their international expansion and product development; without working capital concerns.
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, Hong Kong 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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