Daily News: November 29, 2016

DS-Concept Provides $5MM Export Facility to Apparel Exporter

DS-Concept, a global commercial finance company specializing in non-recourse factoring and trade finance, provided a Hong Kong-based apparel exporter with a $5 million export factoring facility.

The client, who exports to brands such as Coach, John Lewis and Ted Baker, was seeking a flexible, reliable and long-term financing partner to create liquidity and accelerate cash flow without increasing liabilities. With DS-Concept’s export facility and support, the client forecasts $18 million to $20 million in annual factored volume.