Asset Based Lending Blog/News
December 17, 2018 | Announcement
Valued clients and associates: Please be aware that our operational hours will be modified during the upcoming December holidays. We will open on Monday, December 24th and Monday, December 31st, but will close at 2pm both days. Our office will be closed on Tuesday, December 25th and Tuesday, January 1st. Please plan your transactions accordingly […]
December 12, 2018 | Announcement, Trade Shows, Wholesale
Express Trade Capital is inviting wholesale businesses to apply for the first annual ETC Trade Show Grant & Community Outreach Award! This award reflects our personal commitment to helping our community and encourages our friends in the wholesale industry to join us in giving back. Requirements to apply for the 2019 ETC Community Outreach Award […]
November 19, 2018 | Announcement
Valued Clients and Associates: Please be aware that our offices will close early on Wednesday, November 21 and remain closed through Friday, November 23rd in observance of Thanksgiving. We will resume normal operating hours on Monday, November 26 at 9am. Thank you and have a safe and pleasant holiday!
November 9, 2018 | Retail, Tips
Sadie Keljikian, Express Trade Capital Recent studies have indicated that damage to the environment has progressed further than previously believed, so numerous corporations across industries are making changes to reduce waste and increase sustainability in their production processes. The produce industry is contributing significantly to this international shift, promoting more sustainable shopping and eating habits […]
November 5, 2018 | Announcement
Valued clients and associates: Please be aware that Express Trade Capital will be closed for Veterans Day on Monday, November 12, so no transfers or LCs will be processed that day. Please plan your transactions accordingly and have a safe and pleasant holiday!
November 1, 2018 | Announcement, Cargo, Government, Shipping
Results of a GSP review have just been published as Presidential Proclamation 9813. This announcement lists changes to select products and countries. The GSP status of these identified articles is effective for goods entering on/after November 1, 2018. If you would like more information or analysis as to how this impacts your company, please contact […]
October 31, 2018 | Announcement, Lending, Wholesale
ETC is proud to announce the latest addition to our arsenal of services: co-packer work in progress purchase order financing for the food and beverage industries! Contact us today to learn about this dynamic new financing tool, which will supplement your production costs and allow your business to reach new heights!
October 24, 2018 | Announcement, Personal Care Products
We are proud to announce that our valued client, UI Global Brands, has reached $2 million in revenue! We take immense pride in helping brands like UI Global to bolster their operational funds and give them room to grow. Our diverse assortment of financial, logistical, and supply chain management services offer our clients transactional security, faster […]
October 19, 2018 | Announcement, Technology
Financing in the newspace and aerospace industries can be decidedly complex for a variety of reasons. The industries’ top customers are massive corporations with exceptional negotiation power vis a vis their vendors. These imbalances coupled with a perpetual flow of new innovations create too much uncertainty and risk for traditionally conservative lenders such as banks. […]
October 16, 2018 | Lending, Shipping, Wholesale
Sam Permutt, Express Trade Capital A back-to-back letter of credit (LC) is a common, but often overlooked, form of trade financing. In a typical back-to-back LC scenario, an intermediary trading company receives an inbound LC from the buyer’s (applicant’s) bank and, using that first LC as collateral, issues a second, outbound LC in favor of […]