Asset Based Lending Blog/News

ETC Applies Factoring & PO Funding Programs to Reduce Cash Flow Wrinkles for a Cosmetics Company.

February 9, 2023 | Beauty, Announcement

The cosmetics industry is one of the highest valued retail markets in the United States. According to Inc., beauty product sales (which includes skincare products, makeup, and fragrance) generate more than $50 billion each year. The average consumer spends thousands on beauty products and services annually. In fact, a recent study from Wells Fargo showed […]

Continue Reading

U.S Congress Passes a Reform Act for Safer Cosmetics.

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. […]

Continue Reading

Food Industry Update: FDA opens a Voluntary Qualified Importer Program (VQIP) allowing importers to move their food products to the U.S with greater speed and predictability.

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 […]

Continue Reading

ETC COOKS UP A DEAL-IGHTFUL FACTORING FACILITY FOR A WHOLESALER OF FROZEN VEGAN MEALS.

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 […]

Continue Reading

COLUMBUS DAY HOLIDAY HOURS.

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!

Continue Reading

ETC LETS THE DOGS OUT WITH $4.5 MM FACTORING AND 500K PO FUNDING LINES FOR A CANINE BAKED GOODS CO.

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 […]

Continue Reading

Express Completes $7MM Factoring and $3MM PO Funding Deal for Hong Kong-based Denim Wholesaler.

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 […]

Continue Reading