Daily News: October 27, 2017

DS-Concept Provides $2MM Trade Finance Facility for Tech Company

DS-Concept provided a $2 million post shipment finance facility to a 20-year-old network communications technology company with a niche in hard commodity industries.

The company is based in the U.S. with four international locations and develops proprietary products for its clients in the U.S., Canada, Australia and Latin America.

DS-Concept structured a facility in two currencies to finance the company’s open account sales to the U.S. and Canada.

“Because the global commodity markets have incrementally strengthened after a long cycle of contraction, the company is projecting significant near-term growth. They will utilize our financing to apply liquidity into their supply chain to increase procurement, fulfill greater demand, and remain the leader in their field,” said Doc Lundberg, senior vice president of DS-Concept’s Los Angeles office.