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Other Export Financing   

shipping containerThe U.S. Small Business Administration (SBA), Export-Import Bank, and U.S. Department of Agriculture (USDA) offer various loan, credit guarantee and cash incentive programs for qualifying exporting businesses.

These programs make it easier to secure financing and credit guarantees that reduce the risk of nonpayment. 

 

U.S. Small Business Administration

Export-Import Bank of the United States (Ex-Im Bank) 

USDA Export Credit and Incentive Programs 

Western United States Agricultural Trade Association (WUSATA®)  

 

 

U.S. Small Business Administration 

Three programs of special interest to Washington State exporters include: 

Export Working Capital Program: Designed for small business exporters that need financing to support foreign transactions. Since most banks in the U.S. do not lend against export orders, export receivables or letters of credit, SBA provides lenders guarantees of up to 90 percent on export loans to ensure that qualified exporters do not lose viable export sales due to a lack of working capital. 

International Trade Loan Program: Offers term loans to businesses that plan to start or continue exporting or that have been adversely affected by competition from imports. The proceeds of the loan must enable the borrower to be in a better position to compete. Funds may be used for the acquisition, construction, renovation, modernization, improvement or expansion of long-term fixed assets or the refinancing of an existing loan used for these same purposes. 

Export Express: Helps small businesses develop or expand their export sales by providing exporters and lenders with a streamlined method to obtain SBA-backed financing for loans and lines of credit up to $250,000. The SBA temporarily provides lenders with up to a 90 percent guaranty on export loans as a credit enhancement to encourage participating banks to make loans that make the necessary export financing available.  

For more information contact:
Mr. Lee Gibbs
Regional Manager
Export Solutions Group
U.S. Small Business Administration
Office of International Trade
U.S. Export Assistance Center
206-553-0051 ext.228
leland.gibbs@sba.gov

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Export-Import Bank of the United States (Ex-Im Bank)

Helps finance the export sales of small and large companies in the U.S. through working capital guarantees (pre-export financing), export credit insurance, loan guarantees, and direct loans (buyer financing). The agency recently opened a Seattle office specifically to boost exporting among small businesses in the Pacific Northwest.

Export Credit Insurance: Provides payment coverage for both commercial risks (such as buyer default) and political risks (such as war). The Bank protects sales to a single buyer or an entire export portfolio. Enables exporters to sell on competitive “open account” terms, instead of requiring cash-in-advance or costly and complicated letters of credit. May be used to increase an exporter’s borrowing base with a lender, thereby accelerating cash flow.

Working Capital: Helps U.S. companies obtain vital loans to fulfill export orders with a guaranteed credit line that may be used to purchase finished products, pay for raw materials, supplies, labor and overhead, and even cover standby letters of credit used as performance or bid bonds.

Term Financing: Provides access to competitive financing with extended repayment terms to buy U.S.-made capital goods and services.

For more information contact:
John Brislin
Director
Export-Import Bank of the United States
Seattle Regional Office
206-728-2264
John.Brislin@exim.gov

 
 

USDA Export Credit and Incentive Programs

Available assistance includes:  

Export Credit Guarantees: Supports commercial financing of U.S. agricultural exports. These USDA Commodity Credit Corporation (CCC) programs encourage exports to buyers in countries where credit is necessary to maintain or increase U.S. sales, but where financing may not otherwise be available.

Facility Guarantees: Provides payment guarantees to facilitate the financing of manufactured goods and services exported from the U.S. to improve or establish agriculture-related facilities in emerging markets. 

Dairy Export Incentive Program: Helps exporters of U.S. dairy products meet prevailing world prices for targeted dairy products and destinations. Under the program, the USDA pays cash to exporters as bonuses, allowing them to sell certain U.S. dairy products at prices lower than the exporter's costs of acquiring them. 

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Western United States Agricultural Trade Association (WUSATA®)

A state regional trade group that assists U.S. agribusinesses that want to expand to international markets through three key programs: 

  • Branded Program: Matching funds to support marketing and promotional campaigns.
  • Generic Program: Export assistance including technical, logistical, language translation, buyer introductions, buying mission inclusions, international trade shows and other support.
  • Export Education: Training that enhances exporter knowledge through market trend webinars, market research and consumer insights 

For more information contact:
WUSATA® – Western United States Agricultural Trade Association
360-693-3373 
export@wusata.org

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