Exporting is booming in the United States and small businesses are beginning to realize that the world is their market.

A business does not have to be big to sell in the global marketplace. Experience shows that small businesses can and do export successfully. Finding your niche in the world market is similar to finding it in the U.S. market, as many of the same qualities that make small business owners successful in the United States apply to success in global markets, as well.

You may be missing out on a world of opportunity!

I. Use of Funds

Acquire inventory, goods and services for export

Direct and indirect manufacturing cost for exported goods

Stand-by letters of credit

II. Type and Term of Loans

A loan can support a single export transaction (transaction specific loan) or multiple export transactions (revolving).

The term of a transaction specific loan generally does not exceed one (1) year.

The term of a revolving loan can extend up to three years, but the term for specific transactions within the revolving loan generally cannot exceed one (1) year.

III. Interest Rate

Negotiable, SBA does not impose an interest rate ceiling or maximum fee limitations

IV. Fees

.25% fee on the guaranteed portion of a loan with terms of twelve (12) months or less.

V. Eligibility Highlights

For-profit small business domiciled within the United States

Operating history of at least one (1) year, not necessarily in exporting

Demonstrate a need for transaction-based financing

Prove with a contract or other document that you have a viable transaction

VI. Collateral

First security interest in inventory, receivables, assignments contract and letter of credit proceeds

Personal and corporate guarantees

Export credit insurance

Collateral must cover, in general, 100% of the loan