Express Completes $5MM LC Facility for PPE Products

Express Trade Capital Inc. is pleased to announce a new $5MM letter of credit facility to assist the production of PPE.  The client – an apparel industry mainstay – was using our factoring and PO funding facilities for several years before pivoting to produce PPE during COVID.  The client needed to fulfill immediate orders and replenish stock but was uncomfortable leaving large deposits overseas before ensuring that goods were produced and passed quality inspections.  The prior relationship allowed us to piggyback on already existing due diligence and history to deliver a seamless, nearly instantaneous add-on facility and solution. The client can now start production without deposits and fulfill demand. 

Although our part in the overall process of delivering essential PPE to frontline workers is small, we are overjoyed to be involved. 

Providing ‘behind the scenes’ support, we are grateful to support our front-line workers whom we cannot thank enough for all they have done and continue to do. We also appreciate and support our clients who are creating the vital equipment to keep them going.

Express Trade Capital specializes in Factoring, PO Funding, and Letters of Credit. Our Freight Forwarding division also provides full service global & domestic shipping & logistics.

For more information on how we can help your business grow, please visit us at https://www.expresstradecapital.com/contact.