DS-Concept, a global commercial finance company that specializes in international non-recourse factoring, has provided a $1.5 million export factoring facility to a textile printing company based in Istanbul, Turkey. The client mainly markets its products to European countries such as Malta, Germany and Spain. They offer trendy designs for t-shirts, blue jeans, shirts and sweatshirts to reputable buyers such as Zara, Bershka, Betty Barclay, Conley’s and El Corte.
With the new facility in place, the client will be able to create liquidity within its sales ledger and accelerate cash flow. The textile supplier will get financing against post shipment account receivables on net 30 and 60 days term.
The DS-Concept Group maintains a network of offices and affiliates all over the world, including USA, Peru, China, India, Hong Kong, UAE, Turkey, Bangladesh, Pakistan, Iceland, UK, Spain, Bulgaria, Hungary as well as its 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.
