Daily News: June 8, 2016

DS-Concept Provides $5MM Factoring Facility to Beef Exporter

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, provided a $5 million export finance facility to a slaughterhouse in Brazil.

The client supplies chilled and frozen beef to the Middle East, Asia and Europe. With the export facility in place, the client is able to operate without requesting payment in advance. The financing allows the importer to only pay for the goods once they have arrived at the port, without hurting the exporter’s cash flow during the in-transit period.

“Having recently invested in a new slaughterhouse and rapidly expanding its production to meet demand, DS-Concept’s financing is the perfect fit to ensure our client can maintain growth in existing and new export markets,” states John Stillwaggon, SVP of Sales.

Headquartered in Germany, DS-Concept Group maintains a network of offices and affiliates all over the world, including the U.S., Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates.