Daily News: July 16, 2014

DS-Concept Provides Export Factoring Facility to Apparel Distributor

DS-Concept Factoring provided a $2.5 million export A/R facility to an apparel distributor in California. The client, who provides licensed products to retailers and wholesalers in Canada, Europe and South Africa, is rapidly expanding their global presence.

“We’re excited to work with a well-established firm which has extensive knowledge in manufacturing and distribution,” states Brandyn Prust, vice president of sales. “It’s great to see that their liquidity is dramatically increased given that their foreign accounts receivable are now a part of the company’s borrowing base.