Daily News: April 10, 2013

DS-Concept Factoring Closes Two A/R Lines

DS-Concept Factoring has announced two new transactions totaling $3.5 million.

DS-Concept provided a $1.5 million A/R line to a North Carolina manufacturer and wholesaler of mattresses. The financing supports the fulfillment of a large contract with a major bedding retailer.

The company closed a $2 million A/R line for a wholesale distributor and designer of women’s clothing that sells to high-end retailers. The distributor will use the financing to expand its brand through growth opportunities.

DS-Concept Factoring is an international trade finance company specializing in export factoring and has 10 global offices.