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U.S. Small Business Administration (SBA) Export Resources |
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| Export Working Capital Program (EWCP) |
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The EWCP supports export financing to small businesses when that financing is not otherwise available on reasonable terms. The program encourages lenders to offer export working capital loans by guaranteeing repayment of up to $1.5 million or 90% of a loan amount, whichever is less.
The proceeds of an EWCP loan must be used to finance the working capital needs associated with a single or multiple transactions of the exporter.
The applicant must establish that the loan will significantly expand or develop an export market, is currently adversely affected by import competition, will upgrade equipment or facilities to improve competitive position, or must be able to provide a business plan that reasonably projects export sales sufficient to cover the loan.
A borrower must give SBA a first security interest equal to 100% of the EWCP guaranty amount. Collateral must be located in the United States. Personal guarantees are usually required.
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| International Trade Loan Program (ITL) |
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The ITL provides financing for small businesses that are engaged or preparing to engage in international trade or that have been adversely affected by competition from exports. Loan proceeds can be used to acquire, construct, renovate, modernize, improve or expand facilities and equipment to be used in the United States to produce goods or services involved in international trade; or the refinancing of existing indebtedness that is not structured with reasonable terms and conditions.
SBA will guarantee up to $1.5 million for facilities and equipment. Loan maturity is 25 years for facilities and equipment. Lender must hold a first lien on assets being financed. Only collateral located in the United States is acceptable. Additional collateral may be required, including personal guarantees.
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| SBA Export Express |
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SBA Export Express helps small businesses that have exporting potential but need funds to buy or produce goods, finance export development activities and/or to provide services for export. The Export Express program is designed to finance a variety of small business exporter needs including: participating in a foreign trade show, translating product brochures or catalogues for use in overseas markets, opening general lines of credit for export purposes, service contracts from buyers located outside the United States and financing transaction specific requirements associated with completing export orders.
The SBA's Export Express guaranty is 85% for loans up to $150,000 and 75% for loans more than $150,000 up to a maximum loan amount of $250,000. The term of the loan can be from 5 to 25 years depending on the use of proceeds. |
| CONTACT: |
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Keith Bjornson, Lender Relations Specialist
U.S. Small Business Administration (SBA)
ND District Office
PO Box 3086
657 Second Avenue North, Room 218
Fargo, ND 58108-3086
701-239-5131 Ext. 218
Fax: 202-481-2907
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http://www.sba.gov/nd
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Last Updated ( Tuesday, June 24, 2008 )
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