How to Finance Export Receivables. By Michael D. Farstad Export Finance Lender

Size: px
Start display at page:

Download "How to Finance Export Receivables. By Michael D. Farstad Export Finance Lender"

Transcription

1 How to Finance Export Receivables By Michael D. Farstad Export Finance Lender

2 Table of Contents New Products Working Capital Supply Chain Finance Guarantee Program Global Credit Express Loan Guarantee Finance Lease Guarantee Direct Loan

3 New Products Ex-Im Bank is offering new products to enable more U.S. small and mid-sized businesses to be competitive internationally and create more jobs by exporting more goods and services to more customers in more countries. The new products provide a faster, simpler insurance application process; project financing for small-scale renewable projects; increase liquidity for smallbusiness suppliers of goods and services to U.S. exporters; and ensure access to private-sector insurance to cover the risks of nonpayment by foreign buyers.

4 New Products: Global Credit Express The Global Credit Express program is specially designed to deliver short-term working capital loans directly to creditworthy small business exporters. Through this new program, exporters like you may be eligible for a 6- or 12-month revolving line of credit of up to $500,000. Global Credit Express adds liquidity to the U.S. small business export market by financing the business of exporting rather than specific export transactions. This is a pilot program currently offered through a select number of Originating Financial Institutions (lenders) nationwide.

5 New products: Express Insurance Express Insurance simplifies small business exporters' access to credit insurance on their short-term export receivables. It also makes it easier for them to obtain financing of those receivables. A streamlined online application provides a policy quote and credit decisions up to $300,000 on foreign buyers within five workdays or less (requests exceeding $300,000 will require additional time).

6 New Products: Renewable Express Renewable Express helps U.S. exporters of solar-energy equipment, technology and services by providing streamlined financing of their exports to small solar-energy projects in international markets. Ex-Im Bank can consider project financing for small renewable-energy producers seeking loans of $3 million to $10 million in as few as 60 days.

7 New Products: Supply Chain The Bank's supply-chain guarantee strengthens the supply chain by helping U.S. suppliers to expand their sales to U.S. customers that export. It increases liquidity for small-business suppliers by enabling participating lenders to purchase suppliers' accounts receivable that are due from U.S. exporters. It increases cash flow for small-business suppliers by ensuring the prompt payment of these receivables and lowering the cost of credit.

8 New Products: Reinsurance Ex-Im Bank's reinsurance ensures that U.S. small-business exporters can obtain private-sector insurance to cover the risks of nonpayment of foreign receivables. Participating private-sector insurers are eligible for reinsurance from Ex-Im Bank for short-term export-credit insurance policies supporting U.S. exports on repayment terms of 180 days or less (exceptionally up to 360 days). Ex-Im Bank's reinsurance mitigates the risks for private insurers and enables them to expand their underwriting capacity for these credits.

9 Working Capital We know that in order for you to begin exporting internationally, you'll need access to a dependable source of working capital that provides financial stability while you expand exports. Our working capital financing does that by enabling small business exporters like you to obtain loans which facilitate the exports of goods or services made by commercial lenders and backed by our guarantee. These loans provide you the liquidity and confidence to accept new international contracts, grow your export sales, and compete more effectively in the international marketplace.

10 Working capital: How do we do it? Our Working Capital Guarantee encourages commercial lenders to make working capital loans by providing them with a 90% loan backing guarantee, which decreases their risk. With Ex-Im Bank our Delegated Authority Lenders - lending partners with whom we have agreements - can expedite your loan process by evaluating your eligibility against our requirements, and offer our guarantee before we transact with the lender. You'll get the loan you need when you need it. As a small business exporter, you'll enjoy leveraged assets from an expanded borrowing base along with higher advance rates, and Ex-Im Bank's Working Capital Guarantee can cover both multiple export sales or individual contracts.

11 Working capital: Benefits With our guarantee in place, your business can start putting these working capital loans to work, purchasing raw materials or supplies while supporting related overhead. You'll also be able to use them to issue standby letters of credit serving as a bid or performance bond and for financing foreign receivables. Loan terms are typically for one, but can extend up to three, years, and the working capital line can be used on a single transaction or revolving basis. There is no minimum or maximum transaction amount. Fulfills export sales orders and converts your export-related inventory and accounts receivable into cash Expands your access to financing and encourages lenders to grant exporter loans Enhances value of your existing collateral base

12 Working capital: Benefits, continued Offers generous advance rates (up to 90% for export-related accounts receivables and up to 75% for export-related inventory, including work-in-process) Provides a 25% discount on multi-buyer insurance premiums and lowers Working Capitol Facility fee Collateral requirement to issue standby letters of credit is only 25%, instead of the standard 100% cash collateral generally required in the private sector. On a case by case basis the collateral requirement may be lowered by 10% Covering warranty letters of credit up to 20% of the working capitol loan amount or $1.5 million, whichever is lower, for a term of 12 months.

13 Working capital: Borrowing Capacity Our generous advance rates mean you can borrow more with less: On export-related inventory, enjoy an up to 75% advance rate (including work-in-process). On foreign accounts receivable, enjoy an up to 90% advance rate. On a case-by-case basis, for standby letters of credit issued under our guaranteed loan, collateral will be required for only 10% of the value of the letter of credit. Use Ex-Im Bank to maximize your borrowing base. Indirect Exports We also support indirect exports, meaning that companies producing goods or services sold to U.S. companies and subsequently exported, are also eligible to apply for working capital loans guaranteed by Ex- Im Bank

14 Working Capital: Fees/Interest Rates The following fees come with our Working Capital Guarantee: An application Processing Fee - $100 for a final commitment. Our Up-front Facility Fee equals 1.75% of the total loan amount, based on a one-year loan. Loans of up to six months carry a facility fee of 0.875% of the total loan amount; those meeting certain criteria may qualify for a lower 1.25% Facility Fee. Interest rate and other application fees charged by the commercial lender. Collateral We secure these guaranteed working capital loans by export-related accounts receivable and inventory (including work-in-process) tied to an export order. For letters of credit issued under the guaranteed loan, we only require collateral for 25% of the face value of the letter. On a per case basis, the collateral requirement may be reduced to 10% of the face value of the letter of credit.

15 Working capital: Is my business eligible? In order to qualify for our Working Capital Guarantee Program, a small business exporter: Must be located in the United States. Must have at least one-year operating history and a positive net worth. Must have services performed by U.S.-based employees. Must have products shipped from the U.S. to a foreign buyer. Generally, each product must have more than 50% U.S content based on all direct and indirect costs. Review Ex-Im Bank content policy or more information. Ex-Im Bank cannot support exports of military or defense products and services (with some exceptions), nor can we support purchases made by military buyers. Coverage: Ex-Im Bank generally guarantees 90% of the bank loan, including principal and interest.

16 Supply Chain Finance Guarantee Program Increasing Capital for U.S. Businesses The Ex-Im Bank Supply Chain Finance Guarantee, offered to lenders, benefits U.S. exporters and their suppliers through accounts receivable financing. It is designed to inject liquidity in the marketplace and provide suppliers, particularly small businesses, with access to capital faster and at a lower cost. Suppliers can sell their accounts receivable to a lender to obtain early payment of invoices at a discounted rate. This helps them obtain cash quickly (often at lower rates that reflect the credit of the buyer) and increase liquidity to fulfill new orders.

17 Supply Chain Finance Guarantee Program Increasing Capital for U.S. Businesses Exporters have the option to extend payment terms and obtain a working capital benefit without imposing undue financial hardship on their suppliers. The Ex-Im Bank guarantee, which bears the full faith and credit of the United States, is provided directly to the lender. Ex-Im Bank provides a 90% guarantee of an eligible invoice while the lender bears 10% risk. This arrangement allows the lender to efficiently maintain their relationships directly with the exporters and suppliers without Ex-Im Bank involvement.

18 Supply Chain Finance Guarantee Program: Benefits Benefits to the Small Business Supplier: Converts accounts receivable into cash and improves liquidity position Obtains better rate based on the credit rating of the exporter Benefits to the Exporter: Allows flexibility in extending the terms for accounts payable Provides an additional source of working capital funding - which is not treated as debt on their balance sheet

19 Supply Chain Finance Guarantee Program: How it works Lender and Ex-Im Bank establish this guarantee Ex-Im Bank works with the existing supply chain finance platform of the lender. Exporter receives invoices from suppliers. Exporter sends a list of approved invoices to the lender electronically. Lender validates the list to verify the invoices that are eligible for discount and payment. ~ Supplier selects the invoices for accelerated payment. All discounted invoices are paid by the lender to the supplier via ACH.

20 Supply Chain Finance Guarantee Program: How it works

21 Supply Chain Finance Guarantee Program: Exporter Eligibility Exporter Eligibility Must be a U.S. - domiciled company that exports U.S. goods and services. Exported products must meet Ex-Im Bank's Supply Chain Finance content policy requirements..

22 Supply Chain Finance Guarantee Program: Supplier Eligibility Supplier Eligibility Company must be U.S. - domiciled and supply goods/services to eligible U.S. exporters. At least 50% of the invoices' value must be from suppliers that meet the SBA small business definition see

23 Supply Chain Finance Guarantee Program: Lender Eligibility Lender Eligibility Lender must have an existing supply chain finance platform which is subject to Ex-Im Bank due diligence and approval.

24 Loan Guarantee Medium and Long-Term Loan Guarantee Ex-Im Bank's guarantees help you secure competitive financing for your international buyers. We guarantee term financing--generally up to 10 years--to creditworthy international buyers in both the private and public sector, and finance your local costs up to 30%. With our guarantee, international buyers get competitive term financing--that may previously have been unavailable-- from lenders.

25 Loan Guarantee: How will these guarantees help my business? Ex-Im Bank's Medium and Long-Term Guarantees provides: Risk mitigation for a transaction with a particular buyer. Financing for international buyers of U.S. capital goods and related services. More secure entry to emerging markets.

26 Loan Guarantee: How will these guarantees help my business? Ex-Im Bank's Medium and Long-Term Guarantees provides: Flexible lender financing options, backed by our guarantee, for buyers of U.S. capital goods and related services for long-term projects as well as medium-term, and flexible repayment terms. Coverage for 100% of commercial and political risks. No limits on transaction size. Our guarantee to the lender is unconditional and transferable. We cover local costs up to 30% and ancillary services such as financial, legal or bank fees may be included.

27 Loan Guarantee: Eligibility Requirements Ex-Im Bank finances only the U.S content. Please review Ex-Im Content Policy for more information. Ex-Im Bank can do business in most markets. However, we may be limited or unable to offer financing in certain countries and under certain terms. (See Country Information - Country Limitation Schedule). Products must be shipped from the U.S. to a foreign buyer. There is no minimum or maximum limit to the size of the export sale that may be financed with Ex-Im Bank's loan guarantee.

28 Loan Guarantee: Eligibility Requirements Ex-Im Bank cannot support exports of military or defense products and services (with some exceptions), nor can we support purchases made by military buyers. Ex-Im Bank's guarantee of a lender's loan to an international buyer is generally used for financing purchases of U.S. capital equipment and services. Prior to approving certain transactions, Ex-Im Bank will consider the economic impact of a particular transaction (see Ex-Im Bank policies - Economic Impact) and the environmental effects (see Ex-Im Bank policies - Environment).

29 Loan Guarantee: Coverage and Costs Coverage This coverage is available for medium-term and long-term transactions. Ex-Im Bank provides an 85% guarantee (a 15% down payment is required from the buyer). Principle and accrued interest are included. Costs Letter of Interest processing fee - $100 Preliminary Commitment application fee - 0.1% of 1% of financed amount A commitment fee of 0.125%, based on unused portions of the loan An exposure fee based on risk (variable; see Exposure Fee Calculator) Interest rate negotiated between lender and borrower

30 Global Credit Express Demonstrating Ex-Im Bank's ongoing commitment to small business exporters is the Global Credit Express program, specially designed to deliver short-term working capital loans directly to creditworthy small business exporters. Through this new program, exporters like you may be eligible for a 6- or 12-month revolving line of credit of up to $500,000. Global Credit Express adds liquidity to the U.S. small business export market by financing the business of exporting rather than specific export transactions. This is a pilot program currently offered through a select number of originators nationwide.

31 Global Credit Express: Benefits Provides working capitol to fund your business's export activities Supports your direct exports of U.S.-made goods and services, as well as those which you export indirectly by selling to other U.S. exporters Offers streamlined processing and quick turn-around on loan applications Provides fixed-rate financing at a relatively low interest cost Requires no dedicated borrowing base or monthly reporting requirements

32 Global Credit Express: How it works The originator works with you to prepare and submit your preliminary loan application to Ex-Im Bank. If you meet Ex-Im's eligibility criteria, a full application package (with supporting documents) is submitted to Ex-Im Bank. The loan approval process is generally 5 business days after submission of a completed application package. Ex-Im Bank makes these loans directly to you.

33 Global Credit Express: Eligibility In order to be eligible for a Global Credit Express loan, you must: Meet the Small Business Administration's definition of a "small business" -- you may refer to Have a minimum of three years of revenue producing operations and one year of exporting experience. Have an existing relationship with or have been solicited by an originator participating in the pilot program.

34 Global Credit Express: Eligibility, continued In order to be eligible for a Global Credit Express loan, you must: Have a favorable reference from the originator, or current bank of account. Have no tax liens or judgments. Export goods which are made in the U.S. and/or export a service which is performed by U.S.-based personnel. Meet a minimum Fair Isaac small business credit score (FICO), and successfully pass a due diligence credit evaluation and principal's background check.

35 Global Credit Express: Fees and Loan Terms An application fee of up to $500 is payable to the originator when you apply and a referral fee of up to $2,000 is payable at closing Ex-Im Bank's exposure fee is 2.0% of the maximum loan amount Standard legal fee of $2500 plus actual closing costs of up to $500 payable at closing The interest rate is fixed at CIRR (Commercial Interest Reference Rate) % Loan term of either 6 or 12 months Loans may not exceed $500,000; the actual loan amount is based on eligible export orders, proof of past export transactions and a ratio of net current assets Collateral will be either a first or second perfected security interest in the general assets of your company A personal guarantee is required of any principal with at least a 20% ownership interest

36 Finance Lease Guarantee Ex-Im Bank supports competitive medium-term financing structured as finance leases in addition to financing structured as installment loans. Support of lease financing is important since some foreign buyers of U.S. capital goods prefer lease financing as an alternative to traditional installment loans. Ex-Im Bank will guarantee lease financing of U.S. goods and services to creditworthy international lessees, both private and public sector, when financing is otherwise not available or applicable interest rates are not economically viable.

37 Finance Lease Guarantee: Standardized Documents In order to provide accessible guarantee support for lease financing, Ex-Im Bank has created standardized guarantee documentation designed to meet the special requirements of this type of export finance. The MT Master Guarantee Agreement - Finance Lease provides equivalent Ex-Im Bank support for medium-term finance leases as is provided for traditional loan financing using Ex-Im Bank's MT Master Guarantee Agreement. Both Master Guarantee Agreements are compatible with the operational efficiencies of Ex-Im Bank's Medium-Term Electronic Compliance Program.

38 Finance Lease Guarantee: Benefits Enables International lessees to obtain finance leases from lessors Flexible financing options and repayment terms Transaction size up to $10 million (financed portion, excluding exposure fee) Coverage is the lesser of 85% of the contract value or the actual U.S. content amount

39 Finance Lease Guarantee: Eligible Leases Only finance leases ( as defined under International Accounting Standards) are eligible for Ex-Im Bank guarantee support. Under IAS 17, a lease is classified as a finance lease if it transfers substantially all the risks and benefits of ownership to the lessee. Full payout leases (i.e., those with no residual value) and transactions that are essentially "conditional sales" contracts often qualify as finance leases. Ex-Im Bank does not prescribe a particular form of lease agreement for use with the MT MGA - Finance Lease, but has instituted procedures for granting approval of the lessor's lease agreement forms, provided that the lease agreement contains certain provisions required by Ex-Im Bank. 1 To obtain Ex-Im Bank approval of a lease agreement, the applicant (generally the lessor) must submit a copy of the lease agreement form together with a legal opinion covering specified matters under the law of the relevant jurisdiction. 2 If Ex-Im Bank approves a lease agreement form for use with the MGA - Finance Lease in a specific country, that lease agreement form may be used for subsequent lease guarantee transactions in that country for up to three years without further Ex- Im Bank review.

40 Finance Lease Guarantee: Eligible Transactions In general, Ex-Im Bank guarantees leases of U.S. capital equipment and related services. Financing may also be available for r efurbished equipment, software, certain banking and legal fees (see Financing Fees for Ancillary Services) and certain local costs and expenses (see Ex-Im Bank Policies - Local Cost). Military or defense items are generally not eligible nor are transactions involving military lessees, with certain exceptions (see Ex-Im Bank Policies - Military). Goods eligible for Ex-Im Bank financing must meet Ex-Im Bank's foreign content requirements (see Ex-Im Bank Policies - Foreign Content).

41 Finance Lease Guarantee: Eligible Transactions Ex-Im Bank can do business in most markets. However, we may be limited or unable to offer financing in certain countries and under certain terms (see Country Limitation Schedule). Prior to approving certain transactions, Ex-Im Bank will take into account the economic impact of a particular transaction (see Ex-Im Bank policies - Economic Impact) and the environmental effects (see Ex-Im Bank policies - Environment).

42 Finance Lease Guarantee: Financing Terms Ex-Im Bank requires the lessee to make a cash payment (which may be financed by the lessor) equal to at least 15% of the Net Contract Price. Generally, the repayment term of a transaction is determined by numerous variables including but not limited to the borrower's financial condition, the common repayment terms the market gives such products, specific industry practices, industry and country conditions, useful life, OECD and Berne Union agreements, and the matching of terms offered by other foreign governmentsponsored financing. Repayment terms up to five years are generally available for exports of capital equipment and services.

43 Finance Lease Guarantee: Financing Terms Periodic rent payments under the lease may be calculated either on the basis of equal principal amortization or using a mortgagestyle amortization (equal payments). Rent may be payable monthly, quarterly or semiannually.

44 Finance Lease Guarantee: Medium-Term Credit Standards To qualify for Ex-Im Bank's medium-term financing, borrowers must meet certain credit standards, depending on the size of the transaction, the nature of the buyer, and the goods and services being financed. If a buyer does not meet these standards, the use of guarantors and other credit enhancements may be used to qualify (see Medium-Term Credit Standards.)

45 Finance Lease Guarantee: Application The lessor must have in place a Medium-Term Master Guarantee Agreement - Finance Lease in order to apply for a finance lease guarantee (see Application and Forms). Since the lessor takes title to the goods and services being leased, the lessor is generally the entity that submits the application for a guarantee of a specific lease transaction. If the contract has not been awarded, then a lessor, an exporter or an international lessee may request a nonbinding letter of interest (LI) containing Ex-Im Bank terms for the specific transaction. The LI is processed within seven working days, is valid for six months, and can be renewed.

46 Finance Lease Guarantee: Fees Letter of Interest Application Processing Fee - $100 ($50 for online applications). Commitment Fee % per annum on the undisbursed balance of the guaranteed portion of the finance lease. Ex-Im Bank Exposure Fee - Varies, depending upon tenor, country risk, and buyer credit risk (see Exposure Fee Calculator).

47 Finance Lease Guarantee: Fees The required provisions are set forth in Schedule B-6 to the MT MGA - Finance Lease. The form of the legal opinion is prescribed in Annex E to the MT MGA - Finance Lease. Net Contract Price is equal to the aggregate price of all goods and services in the supply contract less the price of any goods and services that are not eligible or are excluded from Ex-Im Bank support and less any Local Costs included in the U.S. supply contract.

48 Direct Loan Fixed-Rate Term Financing for International Buyers Ex-Im Bank's direct loans help you secure competitive financing for your international buyers. We provide fixed-rate financing-- up to 12 years in general and up to 18 years for renewable energy projects--to creditworthy international buyers in both the private and public sector, and finance your local costs up to 30%. With our direct loan, international buyers get competitive term financing that may previously have been unavailable.

49 Financing of ancillary services and fees (legal, financial, bank, etc.) Direct Loan: How will these loans help my business? Ex-Im Bank's Direct Loans provide: Financing for international buyers of U.S. goods and services. No limits on transaction size. Fixed-rate financing with interest rate set at the Commercial Interest Reference Rate (CIRR). (See Commercial Interest Reference Rate CIRR). Coverage for 100% of commercial and political risks. Financing of up to 30% of local costs in addition to the U.S. exports.

50 Direct Loan: Eligibility Requirements Ex-Im Bank finances only the U.S content. Please review Ex-Im Content Policy for more information. Ex-Im Bank can do business in most markets. However, we may be limited or unable to offer financing in certain countries and under certain terms. (See Country Information - Country Limitation Schedule). Products must be shipped from the U.S. to a foreign buyer. There is no minimum or maximum limit to the size of the export sale that may be financed with Ex-Im Bank's direct loan.

51 Direct Loan: Eligibility Requirements Ex-Im Bank cannot support exports of military or defense products and services (with some exceptions), nor can we support purchases made by military buyers. All direct loans are subject to U.S. flag shipping requirements. (See Shipping Policy MARAD). Ex-Im Bank's direct loan to an international buyer is generally used for financing purchases of U.S. capital equipment and services. Prior to approving certain transactions, Ex-Im Bank will consider the economic impact of a particular transaction (see Ex- Im Bank policies - Economic Impact) and the environmental effects (see Ex-Im Bank policies -Environment).

52 Direct Loan: Coverage This coverage is available for medium-term and long-term transactions. The total level of Ex-Im Bank support will be the lesser of 85% of the value of all eligible goods and services in the U.S. supply contract or 100% of the U.S. content in all eligible goods and services in the U.S. supply contract.

53 Direct Loan: Fees Fees Letter of Interest processing fee - $100 A commitment fee of 0.5%, based on unused portions of the loan An exposure fee based on risk (variable; see Exposure Fee Calculator) Interest rate fixed at Commercial Interest Reference Rate (CIRR)

54 Direct Loan: Repayment Terms Repayment Terms Generally, the repayment term of a transaction is determined by numerous variables, including, but not limited to, the borrower's financial condition, the common repayment terms the market gives such products, specific industry practices, industry and country conditions, useful life, OECD and Berne Union agreements, and the matching of terms offered by other foreign governmentsponsored financing. Repayment terms are generally in excess of seven years.

55 Direct Loan: Application Final Commitment (AP): If the contract has been awarded, only the international borrower may submit the final commitment (AP) application. Letter of Interest (LI): If the contract has not been awarded, then an exporter, an international borrower, or a lender may request a nonbinding letter of interest (LI) containing Ex-Im Bank terms for the specific transaction. The LI is processed within seven working days, is valid for six months, and can be renewed. Preliminary Commitment (PC): In exceptional cases, Ex-Im Bank will accept an application for a preliminary commitment (PC). A PC is a nonbinding expression of interest from Ex-Im Bank that the borrower's needs, as outlined in the application, generally meet Ex-Im Bank's financing requirements.

56 Thank You! Question and Answer!

Export Import Bank Financing Programs

Export Import Bank Financing Programs Export Import Bank Financing Programs The Export Import Bank of the United States (Ex Im Bank) is the official export credit agency of the United States. Ex Im Bank assists in financing the export of U.S.

More information

EXIM Bank EXIM Bank Trade Financing Solutions for Export Success!

EXIM Bank EXIM Bank Trade Financing Solutions for Export Success! EXIM Bank EXIM Bank Trade Financing Solutions for Export Success! Products: Risk Protection International sales are challenging enough without the added risk of not receiving payment for your goods or

More information

SBA EXPORT LOAN PROGRAMS

SBA EXPORT LOAN PROGRAMS SBA EXPORT LOAN PROGRAMS Patrick Hayes, Regional Manager SBA Export Solutions Group U.S. Export Assistance Center 600 Superior Avenue, Suite 700 Cleveland, OH 44114-216-522-4731 patrick.hayes@sba.gov SBA

More information

Short Term Loans and Lines of Credit

Short Term Loans and Lines of Credit Short Term Loans and Lines of Credit Disadvantaged Business Enterprise (DBE) Supportive Services Program The contents of this training course reflect the views of the author who is responsible for the

More information

While Minimizing Your Risks!

While Minimizing Your Risks! Financing and Increasing Your EXPORT-IMPORT BANK of the UNITED STATES Export Sales Jobs Through Exports While Minimizing Your Risks! What is Ex-Im Bank? The official Export Credit Agency (ECA) of U.S.

More information

Trade Financing Solutions

Trade Financing Solutions Trade Financing Solutions Increasing Your Export Sales Trade Financing Solutions Export-Import Bank of the United States Who We Are What We Do Ex-Im Bank is an independent agency of the United States Established

More information

PROJECT FUNDING AND EXPORT FINANCE. EXPORT-IMPORT BANK of

PROJECT FUNDING AND EXPORT FINANCE. EXPORT-IMPORT BANK of PROJECT FUNDING AND EXPORT FINANCE EXPORT-IMPORT BANK of the UNITED STATES Agenda Who is US Exim-Bank Pre-Export Financing Post-Export Financing Recent success Cases in Colombia Who is the US Eximbank

More information

Financing and Increasing EXPORT-IMPORT BANK. Export Sales

Financing and Increasing EXPORT-IMPORT BANK. Export Sales Financing and Increasing EXPORT-IMPORT BANK of the UNITED STATES Export Sales Jobs Through Exports What is Ex-Im Bank? The official Export Credit Agency (ECA) of U.S. Government, it is a self-sustaining,

More information

AN EXPORTER S GUIDE TO. Working Capital Loan Guarantees

AN EXPORTER S GUIDE TO. Working Capital Loan Guarantees AN EXPORTER S GUIDE TO Working Capital Loan Guarantees In This Guide Introduction The Value of a Working Capital Loan Guarantee How It Works The Application Process Case Study: CECA Supply & Services Inc.

More information

Trade Credit Insurance An invaluable aid to successful Domestic and International Business

Trade Credit Insurance An invaluable aid to successful Domestic and International Business Trade Credit Insurance An invaluable aid to successful Domestic and International Business Presented by Business Credit Solutions, Inc. Facilitating Business to Business Commerce Worldwide Jerry Glickman,

More information

Your Logo Here Creative Ways to Finance Your Working Capital Needs. February 22, 2012 2/24/2012

Your Logo Here Creative Ways to Finance Your Working Capital Needs. February 22, 2012 2/24/2012 Your Logo Here Creative Ways to Finance Your Working Capital Needs February 22, 2012 1 Trade Finance Tools Classic Trade Products: Letters Of Credit, Collections, Open Account Enhanced Trade Products:

More information

WHAT IS BUSINESS CREDIT?

WHAT IS BUSINESS CREDIT? 1 WHAT IS BUSINESS CREDIT? Why Do I Need Credit? Establishing a good credit rating is an important financial priority for every business. Having good business credit means that owners of businesses can

More information

Trade Finance and Payment Terms

Trade Finance and Payment Terms Trade Finance and Payment Terms June 22, 2010 11:00 am EDT You should be able to listen to this presentation through the speakers of your computer. A copy of the slides of this presentation will be available

More information

SBA EXPORT LOAN PROGRAMS

SBA EXPORT LOAN PROGRAMS SBA EXPORT LOAN PROGRAMS Patrick Hayes, Regional Manager SBA Export Solutions Group U.S. Export Assistance Center 600 Superior Avenue, Suite 700 Cleveland, OH 44114-216-522-4731 patrick.hayes@sba.gov National

More information

Exploring Exports: Financing Your Export Sales

Exploring Exports: Financing Your Export Sales Exploring Exports: Financing Your Export Sales Presented by: Scott K. Hibbard, Vice President International Trade Finance February 9, 2012 Agenda Overview: Global Trade Trends Trade Cycle, Trade Risks,

More information

EX-IM BANK WORKING CAPITAL GUARANTEE PROGRAM (WCGP)

EX-IM BANK WORKING CAPITAL GUARANTEE PROGRAM (WCGP) EX-IM BANK WORKING CAPITAL GUARANTEE PROGRAM (WCGP) PRIORITY LENDER PROGRAM (PLP) / DELEGATED AUTHORITY LENDER PROGRAM (DALP) CREDIT MEMORANDUM FORMAT (REV. 2/01) A. Request 1. Name of Applicant. 2. Preliminary

More information

Financing Environmental Exports

Financing Environmental Exports Export-Import Bank of the United States EXPORT-IMPORT BANK of the UNITED STATES Jobs Through Exports Financing Environmental Exports 10 th Annual LMOP Conference and Project Expo Baltimore, Maryland January

More information

Overview of Financial Solutions

Overview of Financial Solutions Overview of Financial Solutions The Etra Advisory Group provides solutions to businesses for growth, expansion, cash flow, refinance and acquisition. We cover the world of business financing that banks

More information

Export-Import Bank of the United States

Export-Import Bank of the United States Export-Import Bank of the United States Financing Biofuels Exports Craig O Connor Director Environmental Exports Program June 19, 2007 U.S. Bank Independent agency of the U.S. government. Established in

More information

Accounts Payable Accounts Receivable Amortization Annual Interest Rate Annual Percentage Rate Attorney Fees Bridge Financing

Accounts Payable Accounts Receivable Amortization Annual Interest Rate Annual Percentage Rate Attorney Fees Bridge Financing Accounts Payable Accounts payable are business debts that must be paid off within a relatively short period of time, as opposed to long term debt such as mortgage loans and equipment loans. Accounts payable

More information

Financial Support for Exports. Export-Import Bank of the United States

Financial Support for Exports. Export-Import Bank of the United States Financial Support for Exports Export-Import Bank of the United States Who We Are Mission To create and sustain jobs by increasing U.S. export sales Official Export Credit Agency (ECA) of the U.S. Government

More information

SBA EXPORT EXPRESS LOAN PROGRAM

SBA EXPORT EXPRESS LOAN PROGRAM SBA EXPORT EXPRESS LOAN PROGRAM Patrick Hayes, Regional Manager SBA Export Solutions Group U.S. Export Assistance Center 600 Superior Avenue, Suite 700 Cleveland, OH 44114-216-522-4731 patrick.hayes@sba.gov

More information

Accounts Receivable and Inventory Financing

Accounts Receivable and Inventory Financing Accounts Receivable and Inventory Financing Glossary Accounts Payable - A current liability representing the amount owed by an individual or a business to a creditor for merchandise or services purchased

More information

5 Ways of Financing Your Growth

5 Ways of Financing Your Growth 5 Ways of Financing Your Growth Kwesi Rogers President & CEO Federal National Commercial Credit In this whitepaper, you will learn five ways of financing your growth. It will show the opportunity and challenges

More information

SMALL BUSINESS DEVELOPMENT CENTER RM. 032

SMALL BUSINESS DEVELOPMENT CENTER RM. 032 SMALL BUSINESS DEVELOPMENT CENTER RM. 032 FINANCING THROUGH COMMERCIAL BANKS Revised January, 2013 Adapted from: National Federation of Independent Business report Steps to Small Business Financing Jeffrey

More information

Xynergy Commercial Capital LLC

Xynergy Commercial Capital LLC Xynergy Commercial Capital LLC How Can Work For You The Problem Short of cash and must pay suppliers, lease, bills and salaries? No need for stress, get your payments in advance for your invoices and pay

More information

Ex-Im Bank: Exporting to ANESA Jan Blaho, Business Development Officer, Midwest

Ex-Im Bank: Exporting to ANESA Jan Blaho, Business Development Officer, Midwest Ex-Im Bank: Exporting to ANESA Jan Blaho, Business Development Officer, Midwest May 12, 2010 Who are we and what do we do? Mission: Support US exports in order to create and sustain US jobs Ex-Im Bank

More information

Financing Clean Tech Exports. Craig O Connor, Director Office of Renewable Energy & Environmental Exports

Financing Clean Tech Exports. Craig O Connor, Director Office of Renewable Energy & Environmental Exports Financing Clean Tech Exports Craig O Connor, Director Office of Renewable Energy & Environmental Exports Presentation to NASBITE International Conference 2009 U.S. Ex-Im Bank Independent agency of the

More information

Contents. Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed?

Contents. Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed? Contents Why is export finance needed? What types of export finance are available? Which currencies can be borrowed? How are risks managed? What terms of interest apply? Is state-supported financing a

More information

Borrowing 101. Resources. Are you ready to Borrow?

Borrowing 101. Resources. Are you ready to Borrow? Borrowing 101 The BDC wants your business to succeed and in turn pay the BDC back. Our programs are revolving loan funds that require loans to be repaid so that we can lend our dollars to other businesses

More information

Equipment Leasing Terms

Equipment Leasing Terms Equipment Leasing Terms This Glossary of Equipment Leasing Terms will help you understand the "Leasing Language" so when you are ready to acquire equipment you can make an educated decision. Accelerated

More information

Director s Guide to Credit

Director s Guide to Credit Federal Reserve Bank of Atlanta Director s Guide to Credit This guide was created by the Supervision and Regulation Division of the Federal Reserve Bank of Atlanta, 1000 Peachtree Street NE, Atlanta,

More information

CHAPTER 9: BANKING DOING BUSINESS IN GREATER PHOENIX, U.S.A. 9.1: THE U.S. BANKING SYSTEM 9.2: ESTABLISHING A U.S. BANK ACCOUNT

CHAPTER 9: BANKING DOING BUSINESS IN GREATER PHOENIX, U.S.A. 9.1: THE U.S. BANKING SYSTEM 9.2: ESTABLISHING A U.S. BANK ACCOUNT CHAPTER 9: BANKING 9.1: THE U.S. BANKING SYSTEM Unlike banks in many countries, U.S. banks are not government-owned and managed. They provide deposit facilities for the general public, provide loans for

More information

EXPORT-IMPORT BANK OF THE UNITED STATES WORKING CAPITAL GUARANTEE PROGRAM DELEGATED AUTHORITY LETTER AGREEMENT NUMBER: - DA 05 - -

EXPORT-IMPORT BANK OF THE UNITED STATES WORKING CAPITAL GUARANTEE PROGRAM DELEGATED AUTHORITY LETTER AGREEMENT NUMBER: - DA 05 - - EXPORT-IMPORT BANK OF THE UNITED STATES WORKING CAPITAL GUARANTEE PROGRAM DELEGATED AUTHORITY LETTER AGREEMENT NUMBER: - DA 05 - - [Name and Address of Financial Institution] Ladies and Gentlemen: Subject

More information

Export Credit and Finance Essentials For Successful Exporters

Export Credit and Finance Essentials For Successful Exporters International Trade Leadership Certificate Series Export Credit and Finance Essentials For Successful Exporters July 17, 2015 1 Alabama Small Business Development Center Network An affiliate of America

More information

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf

Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Ipx!up!hfu!uif Dsfeju!zpv!Eftfswf Credit is the lifeblood of South Louisiana business, especially for the smaller firm. It helps the small business owner get started, obtain equipment, build inventory,

More information

SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE. A Report by the U.S. Small Business Administration- Office of International Trade

SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE. A Report by the U.S. Small Business Administration- Office of International Trade SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE A Report by the U.S. Small Business Administration- Office of International Trade Small Business Exports are Exploding! Since fye 2005 thru 2010, SBA reported

More information

FORM OF REQUEST FOR EX-IM BANK APPROVAL

FORM OF REQUEST FOR EX-IM BANK APPROVAL Execution Copy FORM OF REQUEST FOR EX-IM BANK APPROVAL Annex A, 20 Export-Import Bank of the United States 811 Vermont Avenue, N.W. Washington, D.C. 20571 Attention: Re: Vice President - [Responsible Division]

More information

WORKING CAPITAL BASICS FINANCING GOVERNMENT CONTRACTS. North Carolina Military Business Centers. 10 th Annual North Carolina Defense Trade Show

WORKING CAPITAL BASICS FINANCING GOVERNMENT CONTRACTS. North Carolina Military Business Centers. 10 th Annual North Carolina Defense Trade Show WORKING CAPITAL BASICS FINANCING GOVERNMENT CONTRACTS North Carolina Military Business Centers 10 th Annual North Carolina Defense Trade Show August 9, 2011 NON-BANK FINANCING OPTIONS Purchase Order Finance

More information

EXPORT IMPORT BANK OF TRINIDAD AND TOBAGO

EXPORT IMPORT BANK OF TRINIDAD AND TOBAGO EXPORT IMPORT BANK OF TRINIDAD AND TOBAGO Evolution EXCICO 1973 EXIMBANK 1997 Vision To be the premier trade finance and credit insurance institution facilitating the national export thrust as the country

More information

Ethiopian Institute of Financial Studies (EIFS) PROJECT FINANCE

Ethiopian Institute of Financial Studies (EIFS) PROJECT FINANCE PROJECT FINANCE With the growth in the economy and the revival in the industrial sector coupled with the increasing role of private players in the field of infrastructure, more and more Ethiopian banks

More information

Export-Import Bank of the United States

Export-Import Bank of the United States EXPORT-IMPORT BANK OF THE UNITED STATES 811 Vermont Avenue, N.W. Washington, DC 20571 http://www.exim.gov/smallbusiness Call 800.565.3946 (EXIM) to speak to our Contact Center. Export-Import Bank of the

More information

www.sba.gov/international

www.sba.gov/international www.sba.gov/international Presented By: Pru Balatero Regional Manager SBA International Trade Programs c/o Seattle U.S. Export Assistance Center The Westin Building 2001 Sixth Avenue, Suite 2610 Seattle,

More information

How to Assess Your Financial Planning and Loan Proposals By BizMove Management Training Institute

How to Assess Your Financial Planning and Loan Proposals By BizMove Management Training Institute How to Assess Your Financial Planning and Loan Proposals By BizMove Management Training Institute Other free books by BizMove that may interest you: Free starting a business books Free management skills

More information

Federal Reserve Bank of Atlanta. A Guide for Specialized Credit Activities

Federal Reserve Bank of Atlanta. A Guide for Specialized Credit Activities Federal Reserve Bank of Atlanta A Guide for Specialized Credit Activities CONSUMER LENDING According to the Federal Reserve Board of Governors, seasonally adjusted consumer credit outstanding including

More information

OPIC Finance Program FAQs

OPIC Finance Program FAQs OPIC Finance Program FAQs Q: What products does OPIC s Finance Program offer? OPIC s Finance Program offers three basic products: 1) Direct Loans, 2) Investment Guaranties Funded by OPIC Certificates of

More information

SCORER Counselors to America's Small Business. Structuring the Loan Request Types of SBA Loans Available How to Get the Banker to Say Yes

SCORER Counselors to America's Small Business. Structuring the Loan Request Types of SBA Loans Available How to Get the Banker to Say Yes SCORER Counselors to America's Small Business READY TO TALK TO THE BANKER Structuring the Loan Request Types of SBA Loans Available How to Get the Banker to Say Yes The Banker will expect you to provide

More information

FundingEdge / Power2Fund

FundingEdge / Power2Fund Factoring Defined In the world of finance, factoring is a transaction in which a business sells its account receivables to a third party--called a "factor"--in return for immediate cash, generally working

More information

Analyzing Cash Flows. April 2013

Analyzing Cash Flows. April 2013 Analyzing Cash Flows April 2013 Overview Introductions Importance of cash flow in underwriting decisions Key attributes to calculating cash flow Where to obtain information to calculate cash flows Considerations

More information

Use this section to learn more about business loans and specific financial products that might be right for your company.

Use this section to learn more about business loans and specific financial products that might be right for your company. Types of Financing Use this section to learn more about business loans and specific financial products that might be right for your company. Revolving Line Of Credit Revolving lines of credit are the most

More information

RENAISSANCE ENTREPRENEURSHIP CENTER First Finance Class (FIN-1)

RENAISSANCE ENTREPRENEURSHIP CENTER First Finance Class (FIN-1) Finance 1 (FIN-1) RENAISSANCE ENTREPRENEURSHIP CENTER (FIN-1) Learning Outcomes At the conclusion of this class, you should: Know what will be covered in the six finance class sessions. Have reviewed some

More information

SMALL BUSINESS AND THE. Administration- Office of International Trade

SMALL BUSINESS AND THE. Administration- Office of International Trade SMALL BUSINESS AND THE INTERNATIONAL MARKETPLACE A Report by the U.S. Small Business Administration- Office of International Trade Small Business Exports are Exploding! In 2008, SBA reported 3,305 loans

More information

Receivables insurance Protection against the biggest unidentified exposure facing Canadian business

Receivables insurance Protection against the biggest unidentified exposure facing Canadian business Receivables insurance Protection against the biggest unidentified exposure facing Canadian business Presentation to: Alberta Trade Contractors Coalition By: Ian Miller Receivables Insurance Association

More information

Credit Enhancement Fund

Credit Enhancement Fund OREGON Credit Enhancement Fund Program description Business Oregon s Credit Enhancement Fund is designed to help businesses that are having difficulty accessing conventional financing. The Credit Enhancement

More information

U.S. SMALL BUSINESS ADMINISTRATION. Craig Jordan. Lead Lender Relations Specialist

U.S. SMALL BUSINESS ADMINISTRATION. Craig Jordan. Lead Lender Relations Specialist U.S. SMALL BUSINESS ADMINISTRATION Craig Jordan Lead Lender Relations Specialist James Pipper International Trade Officer GUARANTEED LENDING PROGRAMS UPDATE U.S. Government Export Financing Programs How

More information

Flashcards for Chapter 6 Introduction to Working Capital Management [ ]

Flashcards for Chapter 6 Introduction to Working Capital Management [ ] Flashcards for Chapter 6 Introduction to Working Capital Management [ ] [Type the abstract of the document here. The abstract is typically a short summary of the contents of the document. Type the abstract

More information

COMMITTEE ON FOREIGN AFFAIRS SUBCOMMITTEE ON TERRORISM NON-PROLIFERATION AND TRADE

COMMITTEE ON FOREIGN AFFAIRS SUBCOMMITTEE ON TERRORISM NON-PROLIFERATION AND TRADE TESTIMONY OF THOMAS J. RAGUSO EXECUTIVE VICE PRESIDENT AMEGY BANK N.A. Before the COMMITTEE ON FOREIGN AFFAIRS SUBCOMMITTEE ON TERRORISM NON-PROLIFERATION AND TRADE UNITED STATES HOUSE OF REPRESENTATIVES

More information

Finnvera s export financing

Finnvera s export financing Finnvera s export financing Diverse export financing services for export companies and financiers The official Finnish Export Credit Agency Finnvera promotes exports by providing companies and banks with

More information

Government Performance and Review Act (GPRA): Annual Performance Plan/Report (APP/R) and Ex Im Bank Performance Metrics/Targets

Government Performance and Review Act (GPRA): Annual Performance Plan/Report (APP/R) and Ex Im Bank Performance Metrics/Targets Government Performance and Review Act (GPRA): Annual Performance Plan/Report (APP/R) and Ex Im Bank Performance Metrics/Targets Pursuant to United States Code Title 31: Money and Finance Sections 1115

More information

The Corporate Finance Shift to Asset- Based Loans PART I

The Corporate Finance Shift to Asset- Based Loans PART I The Corporate Finance Shift to Asset- Based Loans PART I Realistic Business Owners Look Beyond Bank Cash Flow Loans 1 Brian Ballo Corporate Finance Associates The Good News 1 Financing is currently available

More information

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property REAL ESTATE BASICS Affordability Analysis An analysis of a buyer s ability to afford the purchase of a home, reviews income, liabilities, and available funds, and considers the type of mortgage a buyer

More information

Graduate School of Colorado SBA lending Presentation

Graduate School of Colorado SBA lending Presentation Graduate School of Colorado SBA lending Presentation SBA lending course summary The course will provide an overview and comparison of SBA 7a, SBA 504 and USDA Business & Industry (B&I) loan programs. SBA

More information

R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss

R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss R a i sing C a pital: H ow To Get M o n e y F o r a Small B u s i n e ss In addition to drive, ambition and a great deal of planning, starting and expanding a small business generally requires capital.

More information

NOTE ON LOAN CAPITAL MARKETS

NOTE ON LOAN CAPITAL MARKETS The structure and use of loan products Most businesses use one or more loan products. A company may have a syndicated loan, backstop, line of credit, standby letter of credit, bridge loan, mortgage, or

More information

So You Want to Borrow Money to Start a Business?

So You Want to Borrow Money to Start a Business? So You Want to Borrow Money to Start a Business? M any small business owners cannot understand why a lending institution would refuse to lend them money. Others have no trouble getting money, but they

More information

FINANCING EXPORTS. Sandro Murtas Small Business Administration Office of International Trade Regional Manager sandro.murtas@sba.gov Tel: 504-756-5353

FINANCING EXPORTS. Sandro Murtas Small Business Administration Office of International Trade Regional Manager sandro.murtas@sba.gov Tel: 504-756-5353 FINANCING EXPORTS Sandro Murtas Small Business Administration Office of International Trade Regional Manager sandro.murtas@sba.gov Tel: 504-756-5353 Separating Myths from Facts Myth Small Businesses Don

More information

Preparing Agricultural Financial Statements

Preparing Agricultural Financial Statements Preparing Agricultural Financial Statements Thoroughly understanding your business financial performance is critical for success in today s increasingly competitive agricultural environment. Accurate records

More information

Trade Finance. Guide A Quick Reference for U.S. Exporters

Trade Finance. Guide A Quick Reference for U.S. Exporters Trade Finance Guide A Quick Reference for U.S. Exporters Trade Finance Guide: A Quick Reference for U.S. Exporters is designed to help U.S. companies, especially small and medium-sized enterprises, learn

More information

information foreign customers

information foreign customers information foreign customers imports from germany march 2012 information foreign customers imports from germany Do you import goods and services from Germany? In this case the Export Credit Guarantees

More information

MORTGAGE TERMS. Assignment of Mortgage A document used to transfer ownership of a mortgage from one party to another.

MORTGAGE TERMS. Assignment of Mortgage A document used to transfer ownership of a mortgage from one party to another. MORTGAGE TERMS Acceleration Clause This is a clause used in a mortgage that can be enforced to make the entire amount of the loan and any interest due immediately. This is usually stipulated if you default

More information

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper

C&I LOAN EVALUATION UNDERWRITING GUIDELINES. A Whitepaper C&I LOAN EVALUATION & UNDERWRITING A Whitepaper C&I Lending Commercial and Industrial, or C&I Lending, has long been a cornerstone product for many successful banking institutions. Also known as working

More information

Assumable mortgage: A mortgage that can be transferred from a seller to a buyer. The buyer then takes over payment of an existing loan.

Assumable mortgage: A mortgage that can be transferred from a seller to a buyer. The buyer then takes over payment of an existing loan. MORTGAGE GLOSSARY Adjustable Rate Mortgage (ARM): A mortgage loan with payments usually lower than a fixed rate initially, but is subject to changes in interest rates. There are a variety of ARMs that

More information

Tabletop Exercises: Allowance for Loan and Lease Losses and Troubled Debt Restructurings

Tabletop Exercises: Allowance for Loan and Lease Losses and Troubled Debt Restructurings Tabletop Exercises: Allowance for Loan and Lease Losses and Troubled Debt Restructurings Index Measuring Impairment Example 1: Present Value of Expected Future Cash Flows Method (Unsecured Loan)... - 1

More information

BANKERS GUIDE TO SECURE LENDING

BANKERS GUIDE TO SECURE LENDING BANKERS GUIDE TO SECURE LENDING WAREHOUSE RECEIPTS, ORDER OR STRAIGHT BILLS OF LADING, OTHER NEGOTIABLE AND NON-NEGOTIABLE DOCUMENTS OF TITLE, INCLUDING WAREHOUSE AND BAILEE OR DOCK RECEIPTS Lending Rationale

More information

Business Financing. An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP

Business Financing. An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Business Financing An Article by Michael L. Messer and Thomas L. Hofstetter SCHENCK, PRICE, SMITH & KING, LLP Even in these challenging economic times, businesses still have a need to grow and to obtain

More information

Small and Medium Enterprises

Small and Medium Enterprises Small and Medium Enterprises YOUR LOANS Small and Medium Enterprises Financing Products for Your Business A consumer education programme by: contents 1 Introduction 2 The right product for the right purpose

More information

11.437 Financing Community Economic Development Class 6: Fixed Asset Financing

11.437 Financing Community Economic Development Class 6: Fixed Asset Financing 11.437 Financing Community Economic Development Class 6: Fixed Asset Financing I. Purpose of asset financing Fixed asset financing refers to the financing for real estate and equipment needs of a business.

More information

5.3.2015 г. OC = AAI + ACP

5.3.2015 г. OC = AAI + ACP D. Dimov Working capital (or short-term financial) management is the management of current assets and current liabilities: Current assets include inventory, accounts receivable, marketable securities,

More information

Contract Financing for the Contractor

Contract Financing for the Contractor a Contract Financing for the Contractor SBA s Contract CAPLines Program A Presentation For The Contractor SBA has a Loan Guaranty Program To help Contractors Obtain Financing for Contract Work Its Called

More information

Solutions Guide for Financial Institutions

Solutions Guide for Financial Institutions SOLUTIONS GUIDE Solutions Guide for Financial Institutions Say yes to your customers more often If you want to enhance the lending value of your customer s assets or use our guarantees as security, consider

More information

NAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES

NAVIGATING TODAY S CREDIT JUNGLE ALTERNATIVES NAVIGATING TODAY S CREDIT JUNGLE AN OVERVIEW OF SBA FINANCING ALTERNATIVES November, 2011 Timothy D. Dixon Head of Small Business Administration (W) 216-514-5431 timothy.dixon@citizensbanking.com 1 Discussion

More information

Trade Finance Guide. A Quick Reference for U.S. Exporters

Trade Finance Guide. A Quick Reference for U.S. Exporters Trade Finance Guide A Quick Reference for U.S. Exporters Table of Contents Introduction...1 Chapter 1: Methods of Payment in International Trade... 3 Chapter 2: Cash-in-Advance... 5 Chapter 3: Letters

More information

I m Bob Erwin and I m narrating this presentation by Ray Gibeau of the US Small Business Administration.

I m Bob Erwin and I m narrating this presentation by Ray Gibeau of the US Small Business Administration. Hi, welcome to this 9 th session of Export U. I m Bob Erwin and I m narrating this presentation by Ray Gibeau of the US Small Business Administration. 1 We have already explored several other pieces of

More information

BUSINESS AND INDUSTRY (B&I) LOAN GUARANTEE

BUSINESS AND INDUSTRY (B&I) LOAN GUARANTEE Rural Development Business & Cooperative Programs www.rurdev.usda.gov/ma Southern New England State Office 451 West Street, Suite 2 Amherst, MA 01002 Phone: 413-253-4300 Fax: 413-253-4347 Norwich Area

More information

Non-traded financial contracts

Non-traded financial contracts 11-1 Introduction Financial contracts are made between lenders and borrowers Non-traded financial contracts are tailor-made to fit the characteristics of the borrower In business financing, the differences

More information

Syndicated Revenue Loans. Secured Lines of Credit

Syndicated Revenue Loans. Secured Lines of Credit Syndicated Revenue Loans. Syndicated Revenue Loans are Revenue loans grouped together through a syndicate. Typically these loans are given while a revenue loan is still outstanding, but the business owner

More information

From PLI s Course Handbook Private Equity Acquisition Financing Summit 2006 #10725. Get 40% off this title right now by clicking here.

From PLI s Course Handbook Private Equity Acquisition Financing Summit 2006 #10725. Get 40% off this title right now by clicking here. From PLI s Course Handbook Private Equity Acquisition Financing Summit 2006 #10725 Get 40% off this title right now by clicking here. 2 ASSET-BASED FINANCINGS FOR ACQUISITIONS COUNTING ON YOUR ASSETS Seth

More information

APPENDIX: ATTESTATION WORKSHEET

APPENDIX: ATTESTATION WORKSHEET APPENDIX: ATTESTATION WORKSHEET For an organization to attest that it abides by the Small Business Borrowers Bill of Rights, its chief executive must complete this Attestation Form by signing the Attestation

More information

The Ex-Im Bank and the SBA have other programs that support U.S. exports, see www.sba.gov and www.exim.gov for more information.

The Ex-Im Bank and the SBA have other programs that support U.S. exports, see www.sba.gov and www.exim.gov for more information. Comptroller of the Currency Administrator of National Banks US Department of the Treasury Community Developments April 2011 Community Affairs Department Insights SBA s and Export-Import Bank s Working

More information

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010

Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Dumfries Mutual Insurance Company Financial Statements For the year ended December 31, 2010 Contents Independent Auditors' Report 2 Financial Statements Balance Sheet 3 Statement of Operations and Unappropriated

More information

DCU BULLETIN Division of Credit Unions Washington State Department of Financial Institutions Phone: (360) 902-8701 FAX: (360) 704-6901

DCU BULLETIN Division of Credit Unions Washington State Department of Financial Institutions Phone: (360) 902-8701 FAX: (360) 704-6901 DCU BULLETIN Division of Credit Unions Washington State Department of Financial Institutions Phone: (360) 902-8701 FAX: (360) 704-6901 December 19, 2007 No. B-07-13 Structuring a Member Business Lending

More information

United States of America. Presentation of financial resources available to US investors in Afghanistan; Financial Tools

United States of America. Presentation of financial resources available to US investors in Afghanistan; Financial Tools United States of America Presentation of financial resources available to US investors in Afghanistan; Financial Tools Kabul, February 2007 Research categories for all countries Finance Categories 1. Equity

More information

Learning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information.

Learning Objectives: Quick answer key: Question # Multiple Choice True/False. 14.1 Describe the important of accounting and financial information. 0 Learning Objectives: 14.1 Describe the important of accounting and financial information. 14.2 Differentiate between managerial and financial accounting. 14.3 Identify the six steps of the accounting

More information

ACCOUNT DEBIT CREDIT Accounts receivable 10,000 Sales 10,000 To record the sale of merchandise to Sophie Company

ACCOUNT DEBIT CREDIT Accounts receivable 10,000 Sales 10,000 To record the sale of merchandise to Sophie Company CURRENT RECEIVABLES Receivables are the amount owed to the organization by its customers and/or others. Current receivables will be collected within one year or the current operating cycle which ever is

More information

PAYMENT TERMS AND EXPORT FINANCE RESOURCES

PAYMENT TERMS AND EXPORT FINANCE RESOURCES GENERAL INFORMATION A successful export transaction starts with the negotiation of a sales contract and ends with a timely payment. The buyer/importer gets the product they want and pays the seller/exporter

More information

Assessing cashflow. Overheads (creditors) Sale of fixed assets. Cost of goods sold Investment income

Assessing cashflow. Overheads (creditors) Sale of fixed assets. Cost of goods sold Investment income Managing cash flow Simply put, cash flow is the money coming into, and going out of, your business. You need to take into account not just the amounts of money coming in and going out, but when movements

More information

Preparing Financial Statements

Preparing Financial Statements Preparing Financial Statements Understanding financial statements is essential to the success of a small business. They can be used as a roadmap to steer you in the right direction and help you avoid costly

More information

Working Capital and Contract Caplines Program. Caplines 2.0: New and Improved

Working Capital and Contract Caplines Program. Caplines 2.0: New and Improved Working Capital and Contract Caplines Program Caplines 2.0: New and Improved Topics for Today s Discussion Structural Changes Key Features for Working Capital Caplines Key Features for Contract Caplines

More information