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.
About Stenn International Ltd.
Stenn International Ltd. is a UK-based, non-bank trade finance provider specialized in cross-border trade. Stenn’s trade finance solutions are comprehensive and can be combined to cover the entire supply chain from purchase order to delivery of goods. Innovative practices allow Stenn to finance in sectors and geographic regions currently unserved in global trade. The company operates globally with offices in Los Angeles, Dallas, New York, London, Hamburg, Stuttgart, Singapore, Hong Kong, Shanghai, Guangzhou and Chongqing. Learn more at www.stenn.com or follow us on LinkedIn, Twitter and Facebook.
Media Contact for Stenn International Ltd.