Daily News: February 11, 2016

DS-Concept Provides $1MM Factoring Facility to Sporting Goods Firm


DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, provided a $1 million export accounts receivable facility to a sporting goods and accessories manufacturer in Pakistan.

The client, which exports to Europe and North America, is using this facility to support the increased demand for open account payment terms from its overseas buyers. With the export factoring facility in place, the client anticipates an annual factored volume of $8 million to $10 million.

“We are excited to announce another manufacturing client with such a tremendous opportunity for international growth,” said Qaseem Jaffri, managing director of DS-Concept Pakistan. “Our non-recourse factoring product has been, and will continue to be, a great asset to the entire Pakistani manufacturing community.