\n<\/p>\n
\n Quick Turnaround Facility Allows the Companies to Seize New and Growing Revenue Opportunities in the Bangladesh Booming Export Market <\/p>\n
DHAKA, BANGLADESH
Typically, it takes Fashion Tex Asia Ltd and Sadat Apparels Ltd up to 120
\u00a0<\/span><\/p>\n The quick turnaround facility provided by
Based on <\/span>Bangladesh’s
\u00a0<\/span><\/p>\n Fashion Tex Asia Ltd and <\/span><\/b>Sadat Apparels Ltd, Managing Director
“With Incomlend Invoice Financing
Incomlend
“Bangladesh is home to many apparel
For more information on Incomlend, please
\u00a0<\/span><\/b><\/p>\n Web<\/span><\/a> | <\/span>Facebook<\/span><\/a> | <\/span>LinkedIn<\/span><\/a> | <\/span>YouTube<\/span><\/a> Quick Turnaround Facility Allows the Companies to Seize New and Growing Revenue Opportunities in the Bangladesh Booming Export Market DHAKA, BANGLADESH
– Media OutReach – 5 August 2021 – Global invoice financing marketplace, Incomlend, announced
a new invoice financing programme for Fashion Tex Asia Ltd, an apparel buying
house, and Sadat Apparels Ltd, a garment …<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[60],"tags":[],"_links":{"self":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16753"}],"collection":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/comments?post=16753"}],"version-history":[{"count":0,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/posts\/16753\/revisions"}],"wp:attachment":[{"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/media?parent=16753"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/categories?post=16753"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/eodishasamachar.com\/en\/wp-json\/wp\/v2\/tags?post=16753"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/span>– Media OutReach<\/a> – 5 August 2021 – <\/span>Global invoice financing marketplace,<\/span> <\/span>Incomlend<\/span><\/a>, <\/b>announced
\na new invoice financing programme for Fashion Tex Asia Ltd, an apparel buying
\nhouse, and Sadat Apparels Ltd, a garment manufacturer. Both companies are based
\nin Bangladesh with customers in the United States (US), Europe and South
\nAmerica. The working capital solution allows the companies to finance and
\nincrease the production volume of their sweaters and stock up on garments that
\nare in season and demand. One of Sadat Apparels Ltd’s key customers, a US-based
\nclothing wholesaler, is looking to stock up on its products in preparation for
\nthe increased seasonal demand for sweaters during Fall-Winter, providing new
\nrevenue streams for the company. <\/span><\/p>\n
\ndays to cash in an invoice. However, the extended credit terms can potentially
\nimpair cash flow and impede their ability to boost their manufacturing output
\nand source merchandise to meet demand upticks. Incomlend is founded in Singapore
\nand with offices in Europe, India, and Southeast Asia. It connects small and
\nmedium enterprises (SMEs), like Fashion Tex Asia Ltd and Sadat Apparels Ltd,
\nglobally with communities of investors, enabling them to buy and sell
\nindividual invoices in an invoice exchange platform. <\/span><\/p>\n
\nIncomlend enables Sadat Apparels Ltd and Fashion Tex Asia Ltd to cash in an
\ninvoice as early as three days after its goods are shipped to the buyer. The
\ncompanies now have the working capital to cover their operational expenses and
\nmeet new orders coming from the US. The Invoice Financing Programme also offers
\nSadat Apparels Ltd and Fashion Tex Asia Ltd the financial agility to pursue new
\ngrowth opportunities as the appetite for garments from Bangladesh continues to
\nsoar globally.\u00a0 <\/span><\/p>\n
\nExport Promotion Bureau data<\/span><\/a>, the country’s exports saw a
\nsharp increase of 112% in May 2021, compared to 2020. The growth is primarily
\ndue to the rebound in demand for ready-made garments (RMG) as major markets
\nworldwide reopen their economies. According to <\/span>McKinsey<\/span><\/a>, the RMG sector accounts for 84% of Bangladesh’s
\nexports. <\/span><\/p>\n
\nRezaul Karim Jahid said:<\/span><\/b>
\nProgramme, we can concurrently retain our customer by offering competitive
\npayment terms and free up our working capital. We now have access to a steady
\ncash flow to pump back into the production cycle and increase turnover and
\nprofit, contributing significantly to our business growth. We look forward to
\nworking with Incomlend for the long-term.”<\/span><\/p>\n
\nCEO and Co-founder Morgan Terigi commented:<\/span><\/b>
\nmanufacturing SMEs and is an emerging export powerhouse in South Asia. As a
\ncompany with a proven experience in the garment industry, Incomlend strongly
\nsupports these SMEs in capitalising on positive market conditions with our
\nquick turnaround financing facility. We are enabling manufacturers like Sadat
\nApparels Ltd and buying houses like Fashion Tex Asia Ltd to scale their
\nbusiness and expand their footprint overseas by providing them with <\/span>competitive and<\/span><\/span> alternative
\nnon-recourse working capital solutions<\/span><\/span><\/span>.” <\/span><\/p>\n
\nvisit <\/span><\/span>https:\/\/www.incomlend.com\/<\/span><\/a>.<\/span><\/p>\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"