Daily News: August 6, 2015

DS-Concept Provides Factoring Facility to Apparel Manufacturer


DS-Concept Factoring said it has provided a $2 million export accounts receivable facility to an apparel manufacturer in India.

DS-Concept’s non-recourse factoring will bring the client much needed working capital as they continue to rapidly expand into the U.S. market.

With this new export facility in place, the client anticipates annual factored volume of $15 million to $20 million.