Asset Based Lending Blog/News

October 25, 2019 | Announcement, Apparel Industry, Retail, Wholesale

By: Carli Valinoti – Express Trade Capital, Inc. It’s not uncommon in today’s retail market that large companies who have been around for years are forced to file for bankruptcy. With growing competition from online retailers, including Amazon, stores have continued to see a decrease in foot traffic and overall sales. Retail stores have accrued […]

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 […]

October 16, 2019 | Announcement, Cargo, Government, Manufacturing, Retail, Shipping, Wholesale

After meeting with Vice Premier Liu He of the People’s Republic of China, President Trump announced in a news release on October 11, 2019 that the duty increase from 25% to 30% on List 1, 2, and 3 products would be suspended. A final decision will be made later regarding the additional duties scheduled to […]

October 3, 2019 | Announcement, Cargo, Government, Manufacturing, Retail, Shipping, Wholesale

Following a World Trade Organization decision paving the way, the U.S. Trade Representative (“USTR”) has published a list of products form E.U. origin which will be subject to additional duty rates of 10% or 25% ad valorem, effective October 18, 2019. We expect that a FEDERAL REGISTER notice will be published with the details including confirming […]

October 7, 2019 | Announcement

Important Upcoming Information Due to the upcoming Jewish/Federal holidays, some of our financial institutions will be closed or have limited staff/limited funding on October 9 and October 14. Please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

September 23, 2019 | Announcement

Important upcoming information. Due to the upcoming Jewish holidays, some of our financial institutions will be closed or have limited staff / limited funding. Please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

July 26, 2019 | Announcement, Apparel Industry, Retail, Technology, Uncategorized

ETC Managing Director Mark Bienstock was featured in California Apparel News in their discussion of how brands are investing in crucial digital tools and traditional methods to reach customers. Click here to read the full article!

July 12, 2019 | Announcement, Apparel Industry, Manufacturing, Retail, Startups, Wholesale

By; Carli Valinoti, Express Trade Capital One of the newest sustainability trends is making old garments new again. Evrnu, a Seattle-based textile-technology startup, is making old clothes and fabrics into new fibers that can be used for recyclable fashion. Although their products are still being tested, Evrnu has just launched a limited run of recyclable […]

July 11, 2019 | Announcement, Technology

By: Tajinder Marwaha, Express Trade Capital As the trade finance industry faces challenges related to logistics and fraud, blockchain technology may help in creating transparency and assurance of delivery while still providing confidentiality for trade parties. Blockchain can support cross border trade transactions that otherwise would be difficult due to costs and the documentation process. […]

July 1, 2019 | Announcement, Government, Shipping, Uncategorized, Wholesale

By; Carli Valinoti, Express Trade Capital  After meeting with President Xi over the weekend, President Trump announced decisions regarding the bilateral trade dispute. The President announced that while current tariffs will remain in place, he will not move forward with additional tariffs as negotiations continue. Therefore, there are no immediate plans to implement Tranche or List […]