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Capital Business Credit Launches New Division

November 17, 2010

CAPITAL BUSINESS CREDIT LAUNCHES NEW DIVISION – CBC TRADE FINANCE – TO PROMOTE TRADE BETWEEN U.S. IMPORTERS AND ASIA-BASED MANUFACTURERS

NEW YORK – November 17, 2010 – Capital Business Credit LLC (CBC), a commercial finance company specializing in providing supply chain financing and customer credit risk management solutions, announced the formation of a new division, CBC Trade Finance (www.cbc-tradefinance.com), headquartered in New York with offices in Hong Kong and Shanghai, China.

CBC Trade Finance will provide trade finance solutions to enhance and expand the trading relationship between U.S.-based importers and Asia-based exporters. According to The United States Trade Representative, the U.S. imported nearly $300 billion worth of goods from China in 2009 alone. Through CBC Trade Finance’s Supplier Early Payment (SEP) Program, the company will provide up to 120 days of open account terms to U.S.-based importers, while paying Asia-based manufacturers 100 percent of their receivables, without recourse, upon shipment of goods. CBC Trade Finance is independent and is not affiliated with any U.S. commercial bank.

In the U.S., CBC’s CEO Andrew Tananbaum will lead the division and Patrick Ho, CBC’s executive vice president and regional manager, Asia, will oversee CBC Trade Finance in Asia. All of CBC’s offices will offer the SEP Program.

Over the past 15 to 20 years, as China has become the U.S.’s largest trading partner, there have been significant systemic changes in the apparel, furniture and soft good manufacturing landscape. Where once there were thousands of manufacturers and hundreds of importers, today, consolidation has shrunk the market dramatically and created credit risk issues for both buyers and suppliers.

“CBC Trade Finance allows for a more efficient and profitable exchange of goods. Our SEP Program will enable manufacturers in Asia to mitigate risk by receiving 100 percent payment upon shipment; and we will provide importers with the ability to secure open account terms for up to 120 days. In short, suppliers will get paid faster and importers will be able to pay for their goods later in the process,” said Andrew Tananbaum.

Patrick Ho stated, “In some cases, importers will receive their goods and provide them to their retail customers even before payment is due to the manufacturer – which is truly unique in the industry – allowing shelves to be stocked in an expedited fashion, enabling consumers to buy goods quicker. Effectively we are providing the capital lubrication to the international trade finance process.”

For more than 20 years, CBC has provided companies with access to credit and working capital asset management solutions that include: factoring, customer credit protection, accounts receivable financing and asset based lending, to help them manage supply chain-related finance issues. The Company has a long and successful track record of working with hundreds of importers from start-ups to established, public companies, across a wide range of industries, helping them grow by providing quick and reliable access to working capital as well as hands-on assistance in managing customer credit risk.

Tananbaum concluded, “CBC has decades of international trade experience and recognizes the paradigm shift that has taken place over the last decade as importers and exporters moved away from using letters of credit to using open accounts. As such, we created our SEP Program. Because of the complexities involved with open account trading, a need exists in the marketplace for an offering that helps the exporter/manufacturer mitigate risk, provides efficient transaction processing and protects the receivables and inventories they finance. By creating CBC Trade Finance, U.S. importers and Asia manufacturers/exporters now have the ability to access financial credit facilities for the entire post shipment supply chain.”

About Capital Business Credit

Established in 1988, Capital Business Credit LLC (http://www.capitalbusinesscredit.com/) is a commercial finance company specializing in providing creative supply chain financing solutions. The Company’s service offerings include: full-service factoring; immediate cash for receivables; single debtor credit coverage; letters of credit; accounts receivable management services; inventory lending; asset-based lending; and international financing. CBC Trade Finance, a division of CBC, provides trade finance solutions for U.S.-based importers working with Asia-based suppliers (exporters). Capital Business Credit is based in New York, with offices in Hong Kong; Shanghai, Los Angeles; Charlotte, NC; and Ft. Lauderdale, Fla.

Contact:

Danielle DeVoren

KCSA Strategic Communication

212-896-1272 / ddevoren@kcsa.com