Asset Based Lending Blog/News

January 26, 2023 | Uncategorized

For the first time in over 80 years, cosmetic companies are expected to report any adverse events to the FDA (food and drug administration) as part of MOCRA (modernization of the of cosmetics regulation act of 2022) which is part of the Food and Drug Omnibus Reform Act of 2022 passed on December 23, 2022. […]

December 23, 2022 | Announcement

We’re wishing you a gift of health, wealth and happiness in 2023. Please note: Our offices will close at 3 p.m. EST today and will be closed on Monday, December 26th, 2022.

December 22, 2022 | Trade, Food & Beverage, Announcement

The anticipated VQIP application opens as of January 1st, 2023. According to fda.gov, buyers and wholesalers will benefit from this program. The full announcement reads as follows: “Participating importers will be able to import their products to the U.S. with greater speed and predictability, avoiding unexpected delays at the point of import entry. Consumers will […]

December 21, 2022 | Food & Beverage, Announcement, Wholesale

VP Ashley Orlando discovered the client through her extensive network and contacts in the plant-based food and beverage industry. Two years ago, the client created a Vegan frozen lasagna that quickly gained popularity and flew off the shelves. Like an Italian grandma serving a guest in love with her food, the client is back in the kitchen […]

October 7, 2022 | Announcement

Due to the upcoming Columbus Day Holiday, our office will be closed on Monday, October 10th in observance of the holiday. Please contact your account officer and plan accordingly during this time. Happy Columbus Day to all!

September 29, 2022 | Food & Beverage, Announcement

For over 20 years, the client dug a niche producing bakery-style specialty dog treats exclusively out of their facilities in Arkansas.  The treats are human grade, decorated with dog friendly frosting, and intended as special treats for pets to enjoy on birthdays and holidays.  Their customer base ranged from smaller and mid-sized pet shops to […]

September 30, 2022 | Announcement

Please note there will be no Factoring advances on Wednesday, October 5, 2022 in observance of Yom Kippur. PO Funding & LC transactions will be extremely limited. Please plan accordingly.

September 19, 2022 | Announcement, Retail, Wholesale

In September 2022, Express Trade Capital Inc. secured a deal for a Hong Kong-based denim manufacturer who will work directly with top U.S. retailers who previously bought their denim goods through indirect wholesale channels. The prospect reached out to Express to expand their U.S. wholesale presence which would allow them to take advantage of growing interest […]

September 15, 2022 | Trade, Announcement, Cargo, Government

U.S. Rail Strike has been Deterred as Freight Railroads and Unions Reach Tentative Agreements. Earlier today, the 46th President of the U.S, Joe Biden has released a statement on the tentative Railway Labor Agreement. It reads as follows: “The tentative agreement reached tonight is an important win for our economy and the American people. It […]

September 7, 2022 | Trade, Announcement, Government

On September 02, 2022 the United States Trade Representative declared a continuation of China 301 Tariffs in a press release. It reads as follows: “WASHINGTON – Today, the Office of the United States Trade Representative confirmed that representatives of domestic industries benefiting from the tariff actions in the Section 301 investigation of China’s Acts, Policies, and […]