Asset Based Lending Blog/News

March 23, 2020 | Announcement

Dear Valued Client: Due to the market disruption caused by the COVID-19 virus, many stores are postponing, rejecting and even canceling orders, while others are delaying payment on existing receivables. We understand that these issues will cause cash flow problems for many of our clients. We are here to help you where possible, but many […]

March 23, 2020 | Announcement, Government, Lending, Small Business

As each new day unfolds during the current COVID-19 crisis, we are continuing to keep you updated on important information that we believe is relevant. We encourage you to research all your options and reach out to your account officer to discuss any issues you are facing and let us know how we can help […]

March 20, 2020 | Announcement, Cargo, Government, Manufacturing, Uncategorized

In response to the difficulties facing American businesses due to the COVID-19 pandemic and associated control measures, Customs and Border Protection is contemplating granting relief to importers.  In consideration of requests from the National Customs Brokers and Forwarders Association Customs Committee, chaired by GEODIS’ SVP of Trade Services and Government Relations Mary Jo Muoio, along […]

March 16, 2020 | Uncategorized

CBP has initiated a series of calls informing industry groups and leadership on the impact to trade caused by the spreading COVID-19 disease. During the call, CBP confirmed that recently enacted traveler restrictions for select individuals traveling into the United States do not extend to cargo.  At this time, CBP is guided by the medical […]

March 13, 2020 | Uncategorized

Dear Valued Client: The well being of our clients, employees and partners are paramount to Express Trade Capital, Inc. We wanted to share with you that we are open for business and have remote back-up plans in place should the situation require. These are very fluid and challenging times and Express Trade Capital prides itself […]

March 3, 2020 | Uncategorized

GSP up for Review The Office of the United States Trade Representative announced on March 2, 2020, regarding products and countries eligible for preference treatment under the Generalized System of Preferences (GSP) annual review. The attached notice includes articles and countries that are under review. https://www.govinfo.gov/content/pkg/FR-2020-03-02/pdf/2020-04220.pdf List I identifies articles which will be removed from […]

February 18, 2020 | Announcement, Cargo, Manufacturing, Shipping, Uncategorized

Overall Market Conditions: China officials have extended the Spring Festival Holiday until after February 2. The length of the extensions may vary depending on the location. Shanghai has extended until February 10, while others until February 14 or longer. As factories re-open, labor continues to be minimal as public transportation in certain cities or provinces […]

February 13, 2020 | Uncategorized

Important Upcoming Information Due to the upcoming Federal Holiday, our office will be closing Monday, February 17th. We will re-open Tuesday, February 21st. Please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

January 15, 2020 | Uncategorized

Important Upcoming Information. Due to the upcoming Federal Holiday, our office will be closing Monday, January 20th. We will re-open Tuesday, January 21st. Please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for any inconvenience.

December 20, 2019 | Uncategorized

Important Upcoming Information Due to the upcoming holidays, our office will be closing Tuesday, December 24th from 3:00 through end of the day Wednesday. We will also be closing Tuesday, December 31st from 3pm through January 1st. Please contact your account officer accordingly during this time frame. We greatly appreciate your understanding and apologize for […]