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Happy Holidays from ETC!
We’re wishing you a gift of health, wealth and happiness in 2023. Please note: Our offices will close at 3 p.m. EST today and will be closed on Monday, December 26th, 2022.
Category Announcement
Food Industry Update: FDA opens a Voluntary Qualified Importer Program (VQIP) allowing importers to move their food products to the U.S with greater speed and predictability.
The anticipated VQIP application opens as of January 1st, 2023. According to fda.gov, buyers and wholesalers will benefit from this program. The full announcement reads as follows: “Participating importers will be able to import their products to the U.S. with…
ETC Cooks up a Deal-ightful Factoring Facility for a Wholesaler of Frozen Vegan Meals.
VP Ashley Orlando discovered the client through her extensive network and contacts in the plant-based food and beverage industry. Two years ago, the client created a Vegan frozen lasagna that quickly gained popularity and flew off the shelves. Like an Italian grandma…
COLUMBUS DAY HOLIDAY HOURS.
Due to the upcoming Columbus Day Holiday, our office will be closed on Monday, October 10th in observance of the holiday. Please contact your account officer and plan accordingly during this time. Happy Columbus Day to all!
HOLIDAY UPDATE: October 5, 2022
Please note there will be no Factoring advances on Wednesday, October 5, 2022 in observance of Yom Kippur. PO Funding & LC transactions will be extremely limited. Please plan accordingly.
ETC Lets The Dogs Out With $4.5 MM Factoring And 500K PO Funding Lines For A Canine Baked Goods Co.
For over 20 years, the client dug a niche producing bakery-style specialty dog treats exclusively out of their facilities in Arkansas. The treats are human grade, decorated with dog friendly frosting, and intended as special treats for pets to enjoy…
Express Completes $7MM Factoring and $3MM PO Funding Deal for Hong Kong-based Denim Wholesaler.
In September 2022, Express Trade Capital Inc. secured a deal for a Hong Kong-based denim manufacturer who will work directly with top U.S. retailers who previously bought their denim goods through indirect wholesale channels. The prospect reached out to Express to…
SUPPLY CHAIN UPDATE: U.S. Rail Strike has been Deterred.
U.S. Rail Strike has been Deterred as Freight Railroads and Unions Reach Tentative Agreements. Earlier today, the 46th President of the U.S, Joe Biden has released a statement on the tentative Railway Labor Agreement. It reads as follows: “The tentative…
Trade Update: USTR Declares for Continuation of China 301 Tariffs.
On September 02, 2022 the United States Trade Representative declared a continuation of China 301 Tariffs in a press release. It reads as follows: “WASHINGTON – Today, the Office of the United States Trade Representative confirmed that representatives of domestic industries…
HAPPY LABOR DAY WEEKEND FROM ETC!
Happy Labor Day weekend to our employees, clients and partners. The world runs on your contributions and you all deserve recognition. We hope you have a great holiday weekend.