DS-Concept Provides Vendor Finance Program to German Fashion Retailer
DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million reverse factoring facility to a fashion retailer in Germany. The client, a fashion retailer with over 50 locations throughout Germany, anticipates an annual factored volume of $10MM-$15MM. With DS-Concept funding the client’s suppliers in China and Bangladesh, the foreign vendors benefit from faster funding and lower borrowing costs. With the increased working capital, the client will focus on their expansion and plans to open an additional five retail locations this year.
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, DSConcept brings streamlined, flexible and best-in-class services to the world's exporters.
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