When a well-established and long-term client needed to execute a Trade Finance transaction within 48 hours in order to take advantage of an extremely profitable purchase opportunity, they knew the financier to turn to Express Trade Capital . Our deep understanding ofLetters of Creditalong with the Logistical parameters that were required to be navigated, allowed ETC to issue the Letter of Credit seamlessly and expeditiously within the required time frame constraints. Our Letter of Credit and Logistic teams are “second to none “commented Mark Bienstock – Managing Director. No matter what day or hour of the week, our team is committed to providing unparalleled service to bring each transaction to a satisfactory conclusion.
Express recently cooked up a $2mm A/R and a $500k P.O Funding Facility for a chili spice company. The company’s sales caught fire with significant increased orders from its large retailers and they couldn’t keep up with the demand. Express’s well-seasoned team spiced things up with working capital to pay their copacker and purchase raw materials, ingredients and packaging.
Like many food and beverage companies, the client was originally looking for VC or PE firms to provide capital for order fulfillment and basic working capital requirements. The client did a hot take when they realized that they could use factoring and PO funding facilities to finance their growth AND increase their enterprise value without giving up equity in the meantime. All in all, it was another tasty adventure.
What are everyone’s thoughts on when companies should seek equity investors?
We are pleased to announce that effective immediately, David Estrakh has been promoted to EVP. Over the last few years, David has already taken on and performed the duties of EVP and his new title is intended to convey a role commensurate with those responsibilities.
As EVP, David heads ETC’s Sales and Marketing Department, overseeing a team of eight new business and marketing executives across the country. David is a member of ETC’s Executive Committee and active in all areas of operations and management including client and partner relations. As a corollary to his role as EVP, David sits on multiple company boards and is active in various charitable organizations.
In addition to his 10+ years’ experience and success at Express Trade Capital, David was recently awarded 40 Under 40 honors by SFNet (2020) and Insight Success Magazine (2021).