DS-Concept Factoring has provided a $3 million export accounts receivable facility to a trading company headquartered in the British Virgin Islands with subsidiaries in the U.S., Canada and UK.
The client, who supplies plastics, polymers and resins to manufacturers and distributors in the U.S., Europe and the Middle East, will receive Euro, GBP and USD factoring lines. Implementing this non-recourse factoring facility to accommodate growing sales, the client will receive financing on open account, L/C and documentary collections payment terms and anticipates an annual factored volume of $30 to $40 million.
DS-Concept has also provided a $5 million export accounts receivable facility to a distributor of a wide array of IT products and electronics components based in Dubai, UAE. The client anticipates annual volume of $50 to $55 million
Germany-based DS-Concept maintains a network of offices and affiliates all over the world, including U.S., Bulgaria, Hungary, Turkey, Pakistan, Bangladesh, Spain, UK, China and the United Arab Emirates.