2 Million Supply Chain Finance Facility To Dubai Commercial Printer
STENN International has provided a $2 million supply chain finance facility to a UAE commercial printing press.
The company is the most trusted in the region for providing custom printed products and promotional materials to SMEs and large multinational corporations.
120-day open account terms
With this supply chain finance program in place, the client is able to buy goods on 120-day open account terms while their foreign suppliers get paid at sight.
“We are very happy to be working with this well-established business in a jurisdiction where many other capital providers cannot provide such programs.”
Our supply chain finance programs provide additional liquidity through trade credit. These facilities provide working capital in addition to existing bank lines and also provide credit risk mitigation for suppliers through our non-recourse receivable purchase agreement.”
– Bryan Maloney, Director of Business Development.
With offices and representatives in Los Angeles, New York, Dallas, London, Mumbai, Hong Kong and Shanghai, STENN specializes in supply chain finance as well as non-recourse factoring.