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Sadie Keljikian, Express Trade Capital New York-based Gracious Home has entered Chapter 11 “reorganization” bankruptcy protection for the second time in six years. Gracious Home started as a small hardware store on the Upper East Side in 1963. Since then,…
Sadie Keljikian, Express Trade Capital December holidays are a time when many businesses give to charitable organizations. However, in our technology driven, globalized society, giving wisely can be a challenge. While the internet is flooded with opportunities for charitable giving,…
Sadie Keljikian, Express Trade Capital If you need to finance your business, you will be required to provide collateral. No matter what kind of funding you seek out, nearly every bank and private financial institution will require an asset to…
David Estrakh, Express Trade Capital Unforeseen Costs. Like any financing arrangement, factoring can come with unforeseen fees and high reserve requirements. Be sure to carefully read your factoring term sheets and agreements before you sign them. Factoring is labor intensive…
David Estrakh, Express Trade Capital More Cash Flow. For most clients, the main advantage of factoring accounts receivables is that it speeds up and simplifies the process of getting payment from their customers. Once goods are shipped to the customer,…
Express Trade Capital Managing Director Mark Bienstock recently spoke to The Secured Lender about Hanjin’s recent bankruptcy and navigating shipping difficulties. Read the full interview and see how Express Trade Capital can help you avoid shipping difficulties and subsequent lost business.…
David Estrakh, Express Trade Capital Receivables are amounts owed to a business for goods provided or services rendered. Any time a seller delivers goods or services to a purchaser, and both parties agree to exchange payment at a later date,…
Sadie Keljikian, Express Trade Capital Donald Trump’s presidential victory has raised concerns about the future of international trade. A significant part of Trump’s platform has been a push to raise tariffs on exports from other countries to the US in an…
Sadie Keljikian, Express Trade Capital Performance Sports Group Ltd. has filed for bankruptcy protection in the US and Canada. The company announced that it was facilitating a restructuring and sale of nearly all of its assets on Monday morning. Performance,…
Sadie Keljikian, Express Trade Capital Sears and Kmart’s financial position continues to weaken and they may not have the resources to recover. Traditional department stores have suffered an underwhelming year. Analysts attribute the decline to an uptick in online shopping…