Daily News: January 10, 2014

DS-Concept Provides Factoring Facility for Garment Manufacturer

DS-Concept Factoring announced it provided a $10 million export A/R facility to a vertically integrated garment manufacturer. The client, headquartered in India, has global sales in excess of $100 million and is one of the country’s largest manufacturers of branded apparel.

“We are extraordinarily pleased and honored to have such a reputable client of this magnitude join our portfolio,” said Brandyn Prust, VP of sales. “The company’s local banking facilities weren’t sufficient enough to facilitate their double-digit growth. DS-Concept, in conjunction with our client’s local bank, will give them the liquidity needed in order to fulfill the growing company’s orders in the coming years.”