Express Trade Capital provided a $4.5 million factoring facility and a $500,000 purchase order funding facility to a producer of bakery-style dog treats.
Express Trade Capital (ETC) secured a deal for a Hong Kong-based denim manufacturer. To support an expected annual sales revenue of $15 million, ETC created a $7 million factoring facility and a $3 million purchase order funding line.
Express Trade Capital closed a $1.3 million letter of credit facility to help finance a commodities trader’s purchase of personal protective equipment from a manufacturer in Vietnam.
Express Trade Capital provided a $2.5 million accounts receivables facility for a Nevada-based organic spice importer. The client, which has been in business since 2010, imports organic spices, herbs and botanicals like cardamom, ginger, turmeric and saffron.
Express Trade Capital completed a $9.7 million standby letter of credit (SBLC) facility. The facility fueled a commodity trader’s purchase of petroleum from a Canadian supplier.
Express Trade Capital provided a $1.25 million combination facility for a Hawaii-based loungewear company. The facility is made up of a $1 million A/R financing facility and a $250,000 purchase order funding facility.
Express Trade Capital provided a $5 million letter of credit facility to assist an apparel industry company with the production of personal protective equipment.
Express Trade Capital provided a multi-tranche facility for a New York-based producer of Moroccan condiments.
Express Trade Capital, a provider of trade finance, factoring, purchase order financing and logistical solutions, promoted six members of its staff.