Finance

DST

Benicia United States of America

DST: Extended payment terms program for engineering company

Benicia, California,

United States of America

DST was tapped by a leading electric car company to manufacture specialized panels. The project called for $650,000 worth of Siemens components.
Financing became a critical factor due to a six-month waiting period for DST between order placement and payment.

SFS’ Extended Payment Terms Program provided the ideal solution. The program bridges short-term liquidity gaps by extending the borrower’s repayment terms to 180 days.
DST was able to obtain immediate funding, purchase Siemens components and get the project off the ground.

"Without SFS we would have been forced to decline more than $1,000,000 in orders from our client. SFS created a credit facility in just a few days. Knowledgeable people acted quickly to produce a win-win.”

William P. Southard, Owner of DST

Siemens’ industrial expertise, together with SFS’ financial know-how, provided DST with a true turnkey solution. Smart financing enabled DST to drive business forward, all while managing their bottom line.

DST is a leader in industrial data monitoring and integration services and is based in California. They design and fabricate control system panels and OEM systems with Siemens components for a wide range of industrial customers.

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