Stenn Closes Six Figure Receivables Finance Program for Photography Accessories Importer in USA

Stenn International has closed a six-figure trade receivables finance program for a trading company based in New York that sources photographic paper from Canada. This new financing program is being used to free up working capital to support sales expansion.

The importer’s Canadian supplier engaged with Stenn to receive payment at the time of invoicing and shipping of goods, while the importer benefited from open account payment terms that allowed for payment at a later date. In this way, Stenn’s program provides liquidity to both parties in the trading relationship.

“We would like to extend a very special thanks to Isaac Gancfried & Associates, our introducer and partner on this transaction, said Peter Clement, Business Development Director, Strategic Accounts. “This program was closed in less than 60 days and Isaac Gancfried & Associates facilitated this quick turnaround.”

About Stenn

Stenn provides innovative finance solutions that unlock working capital in global supply chain chains, improving cash flow and increasing flexibility for suppliers, intermediaries and buyers. Our products cover the entire supply chain. Founded in 2015 with headquarters in London, Stenn has approved buyer and supplier jurisdictions in over 70 countries around the world.

For more information about Stenn, please visit www.stenn.com and contact Peter Clement at +1 (914) 393-3775 or peter.clement@stenn.com.

Stenn International Ltd. Registered at 1-45 Durham St, London, SE11 5JH. Registered in England & Wales with number 09488169. A part of the Stenn Group.