Asset Based Lending Blog/News

Turkey Steel Tariff Returning to 50%

October 17, 2019 | Announcement, Government, Manufacturing

President Trump announced that Turkey’s tariff rate for steel products under the Section 232 would be returning to 50% in response to a military invasion from Turkey into Syria. The steel tariffs on Turkish steel was previously increased to 50% in August 2018 and then reduced back to 20% in May 2019. In addition to […]

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CBP Issues Regionwide Withhold Order Xingang China Cotton and Tomato Products

January 15, 2021 | Events, Announcement, Cargo, Government, Manufacturing, Uncategorized

Effective January 13, 2021, the CBP has issued a Withhold Release Order (WRO) that all U.S. ports of entry, U.S. Customs and Border Protection (CBP) will detain cotton products and tomato products produced in China’s Xinjian Uygur Autonomous Region. The WRO will detain the following products from China’s Xinjian Uygur: Apparel, textiles, tomato seeds, canned […]

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Reminder – ETC Upcoming Holiday Hours

January 11, 2021 | Announcement

Important Upcoming Information: Due to the upcoming Federal Holiday, our office will be closed Monday, January 18th, 2021. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience

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Reminder – ETC Upcoming Holiday Hours

December 21, 2020 | Announcement

Important Upcoming Information: Due to the upcoming Holidays, our office will be closing Thursday (12/24) at 3pm and closed on Friday (12/25). We also will be closing Thursday (12/31) at 3pm and closed Friday (1/1/2021). Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for […]

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Reminder – ETC Upcoming Holiday Hours

November 23, 2020 | Announcement

Important Upcoming Information: Due to the upcoming holiday, our office will be closing Wednesday, November 25th at 3 PM and will re-open Monday, November 30th. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

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Reminder – ETC Upcoming Federal Holiday Hours

November 2, 2020 | Announcement

Important Upcoming Information Due to the upcoming federal holiday, our office will be closed Wednesday, November 11th. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

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ETC – Announcement

September 22, 2020 | Announcement

Important Upcoming Information: On Monday, September 28, there will be no funding available of any-kind (including the issuance of LC’s). Please advise, we are still open to handle all other client relations. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

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Reminder – ETC Upcoming Federal Holiday Hours

August 31, 2020 | Announcement

Important Upcoming Information Due to the upcoming Federal Holiday, our office will be closing at 3PM on Friday, September 4th through Monday, September 7th. Please contact your account officer to plan accordingly during this time frame, We greatly appreciate your understanding and apologize for any inconvenience

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How Letters of Credit Can Benefit Your Business During COVID-19

April 29, 2020 | Announcement, Apparel Industry, Cargo, Retail, Shipping, Small Business, Uncategorized

By: Dina Davletshina, New Business Development COVID-19 has disrupted nearly every part of our lives. Yes, the public health consequences are tragic. But along with this, small and large businesses alike are feeling significant economic pain. Companies in the consumer goods industry are encountering significant supply chain challenges and quickly shifting consumer spending habits. The […]

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An Update to Our Clients

March 23, 2020 | Announcement

Dear Valued Client: Due to the market disruption caused by the COVID-19 virus, many stores are postponing, rejecting and even canceling orders, while others are delaying payment on existing receivables. We understand that these issues will cause cash flow problems for many of our clients. We are here to help you where possible, but many […]

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