Daily News: September 30, 2015

DS-Concept Provides Export Factoring Facility to German Manufacturer


DS-Concept Factoring provided a $1 million export accounts receivable facility to a components manufacturer in Germany.

The client, a manufacturer of machinery components for power plants and energy suppliers, anticipates an annual factored volume of $10 million to $12 million.

With this new export factoring facility in place, the client will continue to focus on their growing exports within the European Union.

The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates as well as the headquarters in Germany.