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Company Overview

eTax Credit Exchange is the online Marketplace for Buying and Selling tax credits utilizing its patent-pending technology.

This industry is large and continues to expand, with $7 billion in tax credits generated each year. Historically, trading between Sellers with credits available and Buyers who can access them has been limited to only a small group of industry participants.

eTax Credit Exchange created a secure and streamlined platform to bring Buyers and Sellers together via its patent-pending technology. This proprietary online Marketplace provides greater transparency while eliminating barriers to access and inefficiencies in the transaction process.

The company was founded by visionary leaders of the tax credit and finance industries. A team of experts and innovators in the film, finance and business sectors support and advise eTax Credit Exchange.

Company News

Out to Lunch with Peter Ricchiuti (WWNO) + eTax Credit Exchange

10 September 2013 Media Coverage

Out to Lunch (WWNO) features economist and Tulane finance professor Peter Ricchiuti sitting down with Peter Loop, Co-Founder & CEO of eTax Credit Exchange, to discuss the benefits of tax credits.Each week Peter Ricchiuti invites guests from the new world of the New Orleans business renaissance to join him conducting business New Orleans style: over lunch at Commander’s Palace restaurant! Click here to listen to the podcast. more…

Teams of MBA Students, Including Tulane, Support Entrepreneur Week

22 March 2013 Media Coverage

Mark Waller, of Times-Picayune, highlights the roles top University MBA students played during the IDEAcorps Pitch for New Orleans Entrepreneur Week. Tulane University’s team worked with eTax Credit Exchange, developing new management methods that the company is already integrating as it expands into additional markets. more…

More News…

Who We Are


Peter C. Loop, II

Co-Founder and CEO

A veteran executive of the film and financial industries, Peter helped pioneer the use of tax incentives to finance films in his home state of Louisiana. He founded eTax Credit Exchange to democratize the tax credit industry and to scale the business of trading tax credits for a wider range of industries.

Peter is also co-founder of Loop Garou Entertainment, a full-service film production company that offers financing, producing, production services and tax credit brokering. Loop Garou Entertainment has traded more than $120 million in tax credits for Motion Picture, New Market and Historic tax credit projects. Among the film projects are major releases including Django Unchained, Battleship, Contraband, Cirque du Freak, Deja Vu, Leatherheads and The Skeleton Key.

Peter was appointed Film Commissioner for the state of Louisiana in 1997. In this role, he devised the state’s original Motion Picture Tax Incentive Program, a first-of- its-kind program that helped Louisiana quickly grow into one of the top film production destinations in the U.S. The success of this program has been modeled for a wider range of industries, including digital media, venture capital, live performance and other sectors to help expand the state’s economic base. The Louisiana model has influenced 23 other states to implement very similar tax incentive programs for the motion picture industry.

Currently Peter serves as Treasurer and holds a seat on the Executive Board of Louisiana Film and Entertainment Association (LFEA) , the professional trade association created to grow the entertainment industry in Louisiana.

Peter began his career in investment banking and went on to apply this experience to his work in the film industry.

Raelynn Tammariello

Co-Founder and COO

As a veteran entertainment industry executive, Raelynn has helped guide the emergence of Louisiana as a film industry leader.

She is co-founder of Loop Garou Entertainment, a full-service film production company offering financing, producing, production services and tax credit brokering. Loop Garou Entertainment has traded more than $120 million in tax credits for Motion Picture, New Market and Historic tax credit projects. Among the film projects are major releases including Django Unchained, Battleship, Contraband, Cirque du Freak, Deja Vu, Leatherheads and The Skeleton Key.

Raelynn is a long-time board member and leader of the New Orleans Film Society, which produces the New Orleans Film Festival, having served as President, Vice-President and Secretary. While President of the Board of Directors, she implemented key strategies, partnerships and programs that changed the face of the organization putting the festival on a list of top 25 film festivals in the U.S. She is also a Co-founder of the Louisiana chapter of WIFT, Women in Film and Television, the international, professional organization for women, and served as the Vice-President of the Board of Directors. Raelynn currently holds a seat on the Executive Board of Louisiana Film and Entertainment Association, LFEA, the professional trade association created to grow the entertainment industry in Louisiana and serves as the Fundraising and Communications Chair where she successfully managed a Kickstarter Campaign to fund an economic impact study on the impact of the film industry in Louisiana raising $60,000 in 60 days.

Raelynn began her career as a Producer and went on to launch Jimmy Kimmel Live, the first live, late-night television show for ABC. She continues to produce for the show when on location.

Advisory Board

Stephen J. Bordes


Since 2008, Steve has been the Chief Financial Officer for several leading middle market private equity sponsored portfolio companies. Most recently, he was the CFO for Dubai based Shelf Drilling, which was formed via a $1.05 billion carveout acquisition of Transocean’s shallow water jack-up drilling rig operation by three private equity investors. Shelf ultimately became the largest shallow water drilling contractor in Southeast Asia, India and West Africa, and one of the largest in the Middle East and North America.

Prior to Shelf, Steve was the CFO for United Malt Holdings, a private equity sponsored global manufacturer and supplier of malt to the brewing and distilling industries with over $1.2 billion in annual sales. Ultimately, UMH was sold to a strategic buyer with an almost completed IPO as their alternative exit.

Prior to 2008, Steve was an investment professional and financial operations partner with United Business Capital, which he co-founded, as well as Advantage Capital Partners, a tax credit focused investment firm with over $1 billion under management. Additionally, Steve was a partner at Deloitte, where he provided strategic M&A focused, accounting and financial advisory services to top tier private equity firms located throughout the world.

Steve holds an MBA from Columbia University in New York City, a BS degree in Management from the AB Freeman School of Business, is a CPA, and lives in the San Francisco Bay area along with his wife and three children.

Michael Eckstein

Tax Attorney

Michael Eckstein is a Board Certified Tax Attorney and a Board Certified Estate Planning and AdministratIon Specialist who has a broad-based tax and business practice, which includes individual and corporate tax planning, business planning, estate tax planning, closely held business law, entrepreneurial business law, mergers and acquisitions, real estate tax practice, and tax controversy work at the city, state and federal level.

Mr. Eckstein also has significant experience in the representation of professional athletes, high-tech/venture capital concerns, and communication business.

Mr. Eckstein received his undergraduate degree at the University of Kentucky, his juris doctorate degree at Tulane University Law School, and his L1.M. in Taxation from Georgetown University.

Nicolas Perkin

Founder of The Receivables Exchange

Nicolas R. Perkin is the Co-Founder and former President of the Receivables Exchange (TRE), the first and largest electronic marketplace for the trading of commercial receivables. The revolutionary approach to addressing the 17 trillion dollar market has attracted such institutional investors as the New York Stock Exchange (2011) and Bain Capital (2010) while also garnering praise from sources such as the Wall Street Journal which in 2010 awarded the Receivables Exchange its Innovation of the Year designation for ecommerce. As President of the Receivables Exchange, Mr. Perkin has received numerous awards, including being named to Institutional Investors Tech 50 as one of the leading executives in Financial Technology. In 2011, he was named People to Watch by New Orleans Magazine and in 2008 he was nominated for Innovator of the Year by New Orleans City Business Magazine. The Receivables Exchange is regularly recognized as One of the Best Places to Work in New Orleans and was listed as one of the top 50 Companies Louisiana Can’t Do Without by 10 12 Magazine.

Prior to founding the Receivables Exchange, Mr. Perkin was part of the leadership team that built and ultimately sold Massive Incorporated to Microsoft Corporation in May 2006. Earlier in his career Mr. Perkin worked in investment banking and mergers and acquisitions for Veronis Suhler & Associates, at the time, the premier media M&A advisory practice. He has worked in various positions in financial technology, specifically in technology for order management and risk management for fixed income, as well as for numerous media companies, specifically around the acquisition and assimilation of operating assets.

Mr. Perkin is a graduate of Tulane University with a BA in English Literature. In addition he earned his Masters of Science in Finance from London Business School. Mr. Perkin regularly lectures at business schools around the country on the subject of Entrepreneurship. He is a regular Keynote speaker and panel member on the subject of commercial finance. He has served as the Vice Chairman of Entrepreneur Week in New Orleans and is the appointed (and ratified by the state legislature) Vice Chairman of the Louisiana Innovation Council, which serves as a think-tank to analyze and address the future of innovation in the State of Louisiana. Nic serves on the Board of Directors for the Youth Rescue Initiative, a non-profit organization that aims to teach at-risk children in the greater New Orleans area how to overcome challenges, create opportunity and achieve success. He is also a member of the New York Weill Cornell Council (NYWCC) which serves to support patient care, medical research, and education at New York Weill Cornell Medical Center. In addition to serving on the Board of Directors of the Receivables Exchange, Mr. Perkin serves on the Board of, Marquee Productions, the Louisiana Buyout Fund, The Louisiana Technology Council, and Pennington Biomedical Research.

Jimmy Reiss


Mr. Reiss is a private investor. He is Vice Chairman of the Board of Trustees of Tulane University and served as Chairman of the Regional Transit Authority of the City of New Orleans from 2002 to 2006. In 2005, he served as Chairman of the Business Council of New Orleans. Following Hurricane Katrina, in September 2005, together with others, he established the Bring New Orleans Back Commission, which produced the initial plans for the recovery of the City.

Mr. Reiss was chosen Outstanding Alumnus of the Year in 1996 by the A.B. Freeman School of Business at Tulane University and was chosen Alumnus of the Year in 2000 by the Tulane Association of Business Alumni. In 2008, he was honored as the Distinguished Entrepreneur of the Year by the Levy-Rosenblum Institute at the Freeman School.

Mr. Reiss resides in New Orleans with his wife Pixie.

Peter Ricchiuti

Tulane University Freeman School of Business - Founder & Director of BURKENROAD REPORTS

Peter Ricchiuti has taught Finance at Tulane University’s Freeman School of Business for the past 26 years. He has been twice named the School’s top professor. 

He started his career with the investment firm of Kidder Peabody and later managed more than $3 Billion dollars as the Chief Investment Officer of the State of Louisiana.

In 1993 he founded Tulane’s highly acclaimed Burkenroad Reports Stock Research Program and has been featured widely in the financial press including the Wall Street Journal, Barrons, The New York Times and the Washington Post.  Peter has addressed hundreds of groups on the economy and the financial markets in 47 states and several countries. 

Byte Consulting, Inc.

Financial Software and Analytics Services Firm

Thomas Loop has served as Co-founder and Chief Technical Officer of Byte Consulting, Inc., a financial software and analytics services firm based in New York with offices worldwide. Founded in 2000, Byte Consulting has provided software products and solutions to the financial industry, including investment firms, money managers, trustees and rating agencies.

Thomas spent 10 years in the Financial Strategies Group at Prudential Securities before co-founding Byte Consulting. He led a software development group responsible for proprietary models and databases for all areas of Fixed Income Trading.

Prior to Prudential Thomas spent 3 years at the Securities Industry Automation Corp., a joint subsidiary of the NYSE and the American Stock Exchange, where he designed new networked computer software systems for the trading floors of the two exchanges. He earned a B.S.E. in Electrical Engineering and Computer Science from Princeton University.