Managing Director Mark Bienstock spoke with California Apparel News yesterday. As part of a curated panel of trade finance experts, Mark discussed the changing retail landscape and consequential changes in the commercial lending industry.
In order to cope with the seismic shifts affecting trade at every level, lenders are either scaling back their services or bulking them up. With the consistent rise of e-commerce, wholesalers need fewer receivable loans and more inventory loans, even if they are selling similar or greater volumes. For lenders, flexibility is key to maintaining relevance in the apparel industry. Mark points out that an intimate understanding of apparel companies and their trajectory is vital to successfully financing them.
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Valued clients and associates:
Please be advised that in observance of Rosh Hashanah, several of our partner financial institutions will either be closed, or operating with limited staff this Thursday, September 21st and Friday, September 22nd.
We will be operational this week, but we will be closed in observance of Columbus Day on Monday, October 9th.
Please plan your transactions accordingly and have a happy holiday!
Express Trade Capital is excited to announce that we will be attending this year’s Natural Products Expo East in Baltimore!
The show will be held at the Baltimore Convention Center starting this Thursday (September 14th) through Saturday (September 16th).
We take great pride in working with businesses that not only make quality products, but take care of the earth in the process. We hope to see you there!
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Express Trade Capital is proud to announce our newly developed eco-financing department, led by VP Ashley Orlando!
We at ETC love to work with clients whose values align with our own. To that end, we appreciate businesses that strive to create high-quality products, while taking care of the people and resources in their supply chain.
Check out our announcement in IFA News!
Contact VP Ashley Orlando for more information.
ETC would like to congratulate our client, RobeFactory, on being featured in Inc.’s 5000 for 2017!
We are exceedingly proud of their hard work and dedication and look forward to watching the business continue to grow and thrive!
Read the full entry here.
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Contact us for more information.
Valued clients and associates:
Please be advised that our offices will be closed on Monday, July 3rd and Tuesday, July 4th. We kindly ask that you plan accordingly.
Thank you and a Happy Independence Day to all!
Express Trade Capital, Inc. is pleased to announce that Ignatius “Nat” Marotta has joined the company as First Senior Vice President. The announcement was made by Mark Bienstock, Managing Director.
Ignatius has over 35 years of progressive senior level Factoring & Banking experience at such prestigious organizations including CIT, HSBC and Bank Leumi. Nat holds an MBA in Financial Management from Adelphi University and an undergraduate degree from Queens College in Accounting and Economics.
“We are extremely fortunate to be able to attract talent of the caliber of Ignatius Marotta” commented Mark Bienstock. The combination of his superior reputation along with his new business and credit skills make him a welcome addition to our growing team of professionals.