DS-Concept Provides $3 Million Factoring Facility to Garment Exporter in Bangladesh

DS-Concept Factoring, a global commercial finance company specializing in international non-recourse factoring, has provided a $3 million export accounts receivable facility to an entrepreneur-led garment exporter in Bangladesh. The client, who is experiencing growth in major markets such as the US and Europe, was limited by the financing options offered by the local banks. DS-Concept will provide financing on open account and discounting of deferred L/Cs. The client anticipates a factored volume of $25 million for 2016. The DS-Concept Groupmaintains 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 as well as the headquarters in Germany. Combining credit protection, collections, and financing into a single suite of trade finance products, DS-Concept brings streamlined, flexible and best-in-class services to the world’s exporters.