DS-Concept Provides Facility to Petroleum Subsidiary
DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1.5 million export accounts receivable facility to a US subsidiary of a Brazilian company which provides branded petroleum products to retailers and wholesalers worldwide.
DS-Concept is partnering with a bank and a South American factoring company to deliver a swift solution for their restrained working capital. The client, with an office in Florida and headquartered in Brazil, has global sales in excess of $25 million and is rapidly growing.
“This is an exemplary scenario which highlights the core competencies of DS-Concept,” states Brandyn Prust, vice president of sales. “We’re excited to facilitate our new client’s growth and are very pleased to have two new financial partners with whom we’re able to collaborate with on this deal and many more in the future.”
The DS-Concept group maintains a network of offices and affiliates all over the world, including the USA, Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, the UK, China and the United Arab Emirates, as well as the headquarters in Germany.