DS-Concept Provides $1 Million Export Factoring Facility to Indian Home Textiles Manufacturer
DS-Concept Factoring, a global commercial ﬁnance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a family-owned home textiles manufacturer in India. The client, exporting linens to Europe, North America and the Middle East, is implementing this facility to support the increased demand for open account payment terms from their overseas buyers. With the export factoring facility in place, the client anticipates an annual factored volume of $5MM-$8MM. “The home textiles sector is an industry which we have served for over 15 years,” states Mr. John Stillwaggon, Senior Vice President, Sales of DS-Concept Factoring USA. “Because of our deep understanding of the industry, speciﬁcally in India, we have become very creative and ﬂexible when it comes to servicing these fast growing companies that are often under-served by more traditional means of ﬁnancing.” 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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