Source Google
CREATING YOUR EXPORT PLAN
Export Readiness:
Getting Your Product Export-Ready
Section 3 Part 2 B
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.
Export Working Capital Program (EWCP)
As an exporter, you can apply for EWCP loans in advance of finalizing an export sale or contract. With an approved EWCP loan in place, you have greater flexibility in negotiating export payment terms and can be assured that adequate financing will be in place when the export order is received.
Benefits of the EWCP
- Financing for suppliers, inventory or production of export goods
- Export working capital during long payment cycles
- Financing for Standby Letters of Credit used as bid or performance bonds or down payment guarantees
- Reserves domestic working capital for the company’s sales within the United States
- Permits increased global competitiveness by allowing the exporter to extend more liberal sales terms
- Increases sales prospects in underdeveloped markets that have high capital costs for importers
- Contributes to the growth of export sales • Low fees and quick processing times
Program Features
Guaranty Coverage
- Maximum loan amount is $5,000,000
- 90% of principal and accrued interest up to 120 days
- Borrower’s low guaranty fee of ¼% of the guaranteed portion for loans with maturities of 12 months or less
- Loan maturities are generally for 12 months or less
More Information
List of Blogs On Exporting
Left side of this Blog
An Introduction To The SBA
