Export working capital program

The SBA also requires the personal guarantee of owners [20 percent or more ownership. Open Account Terms and Managing Payment Risk With increasing regularity, foreign buyers are asking for open account terms from their U. In that situation, small and medium-sized exporters are faced with the prospect of either losing sales to their foreign competitors who offer terms or finding a way to balance the increased cash flow strain and the risk of non-payment by the foreign buyer that comes with providing terms.

EXIM Bank as well as private sector providers provide credit insurance. They will work individually with bank staff on questions during the application process. Contact us AITC staff can help in weighing financing options and risk mitigation, plus advise on SBA loan products and application procedures.

Export Working Capital Program. Clients who export are usually more profitable than their non-exporting counterparts. Increased Fee Income Fees from wire transfers, letters of credit, and bank servicing add directly to your bottom line. Program Flexibility Finance single, large, transaction-backed lines or multiple transactions with an asset-based line. Competitive Advantage Adding a trade finance capability to your tool chest provides you with market differentiation in the small business banking environment.

Fast Turnaround Decisions are usually made in working days. Or, apply for Preferred Lender status which provides a day turnaround.

How Much Can I Borrow? Instead, the interest rate is negotiated between the borrower and the participant lender and can be fixed or variable. Export-related inventories and debts generated by EWCP-financed export sales will be considered appropriate collateral. Tools For Exporters. Learning Resources. Working Capital Loan Guarantee. Post standby letters of credit serving as bid bonds, performance bonds, or payment guarantees. Purchase finished products for export. More attractive advance rates than conventional financing.

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