DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $1 million export accounts receivable facility to a family-owned home textiles manufacturer in India.
The client, exporting linens to Europe, North America and the Middle East, is implementing this facility to support the increased demand for open account payment terms from their overseas buyers. With the export factoring facility in place, the client anticipates an annual factored volume of $5 million to $8 million.
“The home textiles sector is an industry which we have served for over 15 years,” said John Stillwaggon, senior vice president, sales of DS-Concept Factoring USA. “Because of our deep understanding of the industry, specifically in India, we have become very creative and flexible when it comes to servicing these fast growing companies that are often under-served by more traditional means of financing.”
Germany-based 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.