Asset Based Lending Blog/News

November 9, 2021 | Announcement, Uncategorized

Express recently cooked up a $2mm A/R and a $500k P.O Funding Facility for a chili spice company. The company’s sales caught fire with significant increased orders from its large retailers and they couldn’t keep up with the demand. Express’s well-seasoned team spiced things up with working capital to pay their copacker and purchase raw […]

October 27, 2021 | Announcement, Uncategorized

We are pleased to announce that effective immediately, David Estrakh has been promoted to EVP.  Over the last few years, David has already taken on and performed the duties of EVP and his new title is intended to convey a role commensurate with those responsibilities.  As EVP, David heads ETC’s Sales and Marketing Department, overseeing […]

October 6, 2021 | Announcement

Kindly note that our office will be closed on Monday, October 11th in observance of Columbus Day. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience. Happy Columbus Day to all!

September 8, 2021 | Announcement

Important Upcoming Information: On Thursday, September 16th, 2021– there will be no funding available of any-kind (including the issuance of LC’s). Please note, we will be OPEN to handle all other client relations. You may contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for any […]

September 2, 2021 | Announcement

Important Upcoming Information: Due to the upcoming Labor Day Holiday, our office will be closing Friday, September 3rd at 3 p.m. EST and be closed on Monday, September 6th in the observation of the holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize for […]

June 28, 2021 | Announcement

Important Upcoming Information: Due to the upcoming 4th of July Holiday, our office will be closing Friday, July 2nd at 3 p.m. EST and be closed on Monday, July 5th in the observation of the holiday. Please contact your account officer to plan accordingly during this time frame. We greatly appreciate your understanding and apologize […]

April 28, 2021 | Government, Lending, Shipping, Uncategorized

By: Slava Vernidub, Express Trade Capital Every year, trade transactions exceeding US$2 trillion are conducted under UCP600, totaling some 11% of all import/export transactions.­­1 The primary goal of the UCP600 is to ease cross-border trade by providing global uniform rules regulating the issuance and usage of letters of credit (“LCs”). To date, the UCP (“Uniform […]

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 […]

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

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 […]