Asset Based Lending Blog/News

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 […]

June 27, 2019 | Announcement

Every Friday through Labor Day, ETC will close at 4pm. Separately – in observance to Independence Day, ETC will be closing Wednesday, 7/3 at 3pm and closed the day of 7/4. Regarding any funding request’s, please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

June 10, 2019 | Announcement, Government, Shipping, Uncategorized, Wholesale

By; Carli Valinoti, Express Trade Capital  Late Friday night the President announced successful negotiations with Mexico.  With a signed agreement addressing illegal immigration, the President has suspended indefinitely the planned tariffs against Mexico.  The 5% tariff on goods from Mexico will not go into effect on June 10, 2019.  

June 5, 2019 | Announcement, Government, Shipping

Carli Valinoti, Express Trade Capital  On May 31, 2019, President Trump issued a proclamation announcing the termination of India as a beneficiary developing country. The decision comes as a result of the fact that, according to the President, India has not assured the United States that it will provide equitable and reasonable access to its markets as well as […]