The SBA offers three different loan products for small business exporters

  1. SBA ExportExpress
  2. Export Working Capital Loan
  3. International Trade Loan

SBA ExportExpress

The  ExportExpress combines both lending and technical assistance to help small businesses that have difficulty in obtaining adequate export financing

Use of Proceeds

  • Financing Export-development activities such as participation in a foreign trade show or translation of product literature
  • Transaction specific financing for overseas orders
  • Revolving lines of credit for export purposes
  • Acquiring, constructing, renovation, improving or expanding facilities or equipment used in the Unites States to produce goods or services for export
  • Financing standby letters of credit used as bid or performance bonds on foreign contracts

Guaranty Coverage

The SBA provides its participating lenders with a repayment guaranty of 85% on SBA ExportExpress loans up to a maximum of $150,000

Eligibility

Small businesses that meet the normal requirements for an SBA loan guaranty and have been in operation (not necessarily in exporting) for at least one year are eligible

Technical Assistance

Technical assistance is provided by the SBA's U.S. export assistance centers, in cooperation with the SBA's network of resource partners. On approval of an SBA ExportExpress loan,  a U.S. export assistance center representative will contact the borrower to offer appropriate assistance.

THE EXPORT WORKING CAPITAL LOAN

Many small businesses invest the time and resources to develop export leads, only to find they can't secure the credit they need to close tg sales.  Despite their creditworthiness small business exporters sometimes find lenders reluctant to make financing available, Companies may have already reached the borrowing limit set by their bank or not have the type of amount of collateral required.  That is where an SBA Export Working Capital Loan comes in.

Features of the loan:

  • A 90 percent guarantee up to $2 million
  • Low Fees
  • Flexible terms
  • Fast turnaround
  • Support for single transactions or multiple sales on a revolving basis
  • Streamlined application process Preliminary commitment

USE OF PROCEEDS

  • Purchase finish goods for export or acquire inventory to be exported
  • Finance pre-export costs of labor and materials used in the manufacturer of goods for export
  • Finance costs of U.S. labor and overhead for service-company exports
  • Finance standby letters of credit used for bids or performance bonds
  • Finance foreign accounts receivable

GUARANTY COVERAGE

  • The SBA can guarantee up to 90% of the EWCL up to $1 million
  • If an EWCL is combined with an SBA International Trade Loan the SBA can guarantee up to $1.25 million for working capital and fixed asset financing combined.

ELIGIBILITY

Eligibility requirements are the same as for SBA ExportExpress
 

COLLATERAL REQUIREMENTS

 

 

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