Sba Financing For Exports
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Transcript of Sba Financing For Exports
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
SBA Financing for Exports
By: Vincent McCoy, Executive Director
Inland Empire Small Business Development Center
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
Export Finance
Activity of governments helping companies by financing their export activities.
Usually lower interest rate loans that the company could otherwise not obtain at a rate lower than market price.
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
SBA Assistance
• SBA provides counseling, training and financing to support small business export opportunities.
– Small Business Development Center
– SCORE
– SBA District Office200 W Santa Ana Blvd Suite 700
Santa Ana, CA
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
SBA Financing Programs
International Trade Loan Export Working Capital ProgramSBA Export Express
Fast and easy loans for small exportersFinancing up to $500,000Must be twelve months in operationLoan proceeds will support export activityTerm or line of creditApply via participating lenders
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
International Trade Loan
DetailsUp to $5,000,000 in financingSBA Guarantee up to 90% Ten year amortizationUsed for working capital and fixed assetsEx-Im Banks eligible to operateSimilar to 7(a) program
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
SBA Export ExpressSBA Export Express
Fast and easy loans for small exportersFinancing up to $500,000Must be twelve months in operationLoan proceeds will support export activityTerm or line of creditApply via participating lenders
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
Export Working Capital
Benefits of the EWCP– For suppliers, inventory or production of export goods– Export working capital during long payment cycles– Financing for stand-by letters of credit used as bid or
performance bonds or down payment guarantees– Reserves domestic working capital – Permits increased global competitiveness by allowing
the exporter to extend more liberal sales terms– Increases sales prospects in under-developed markets
which have high capital costs for importer
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
SBA Export Lenders
BORREGO SPRINGS BANK, N.A.
CALIFORNIA STATEWIDE CERT. DEV
CENTER BANK
COMMERCE NATIONAL BANK
EAST WEST BANK
CALIFORNIA BANK AND TRUST
GBC INTERNATIONAL BANK
PLAZA BANK
SUPERIOR FINANCIAL GROUP, LLC
WILSHIRE STATE BANK
Lenders active in SBA Export Loan Program
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
Lenders
• Finding Lenders isn’t easy– California Bank and Trust, San Diego– Center Bank, Oakland– GBC International Bank, Los Angeles– Superior Financial, Walnut Creek
T h e l e a d i n g r e s o u r c e f o r s m a l l b u s i n e s s
Conclusion
• Government sponsored help is available
• Federal initiatives focused on trade expansion are at top of list
• Proving the marketability of products and services remains key