Source Google
CREATING YOUR EXPORT PLAN
Export Readiness:
Getting Your Product Export-Ready
Section 3 Part 2 C
Worksheet > Financing Grid: Financing Your Small Business Export
Note – There are 4 different sections on types of financing and way too much to get all of the information onto one post. So, I will break it down part A, B and so on.
International Trade Loan Program
The International Trade Loan (ITL) is designed to help you enter and expand into international markets and, when adversely affected by import competition, make the investments that are necessary to better compete. The ITL offers a combination of fixed asset and working capital financing with SBA’s maximum guaranty— 90%— on the total loan amount.
Program Features: Guaranty Coverage
- Maximum Loan Amount: $5,000,000 in total financing.
- SBA can guaranty up to 90% of an ITL up to a maximum of $4.5 million, less the amount of the guaranteed portion of other SBA loans outstanding to the borrower. (When combined with any other SBA loans, the maximum guaranty for working capital cannot exceed $4 million.)
- Maturities on the working capital portion of the ITL are typically limited to seven years.
- Maturities of up to 25 years are available for facilities and equipment. • Loans with a mixed use of fixed asset and working capital financing will have a blended-average maturity.
Source Google
Guaranty Fee & Interest Rates
- Lenders may charge up to 2.25% or 2.75% above the prime rate (as published in The Wall Street Journal), depending upon the maturity of the loan. Interest rates on loans of $50,000 and less can be slightly higher.
Exporter Eligibility
- Applicants must ...
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