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Published byKatherine Chapman Modified over 9 years ago
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Financing Your Exports May 25, 2011
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Export-Import Bank of the United States Who We Are ▪Mission – create and sustain jobs by increasing U.S. export sales ▪Official Export Credit Agency (ECA) of the U.S. Government since 1934 ▪Self-sustaining ▪FY 2010 Authorizations $24.5 Billion ▪
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Export-Import Bank of the United States Our Financing Makes the Difference ▪Minimize exporters risk ▪Strengthen U.S. competitiveness ▪Supplement commercial financing
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Export-Import Bank of the United States Commitment to Small Business
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Export-Import Bank of the United States Authorizations in $ Millions 200820092010 $5 Billion $5 Billion +12% Authorizations +22% 85% of All Transactions No Transaction Too Small FY 10 Small Business Growth
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Export-Import Bank of the United States Taking the Fear Out of Exporting ▪Should I enter that new market? ▪When and will I get paid? ▪How will I get cash to make the product? ▪I made the big sale, but will my buyer be able to obtain financing?
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Export-Import Bank of the United States We Support a Variety of Industries ▪Manufacturing ▪Construction ▪Medical ▪Mining ▪Power-generation ▪Aircraft and Avionics ▪Services ▪Renewable Energy ▪Agribusiness ▪Wholesale/Retail ▪Oil Mining
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Export-Import Bank of the United States Support in Over 155 Countries 1. Brazil 2. Colombia 3. India 4. Indonesia 5. Mexico 6. Nigeria 7. South Africa 8. Turkey 9. Vietnam
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Export-Import Bank of the United States Growing Your Sales and Minimizing Risks Extension of Credit Working Capital Guarantee Funds to Fulfill Orders Buyer Financing Medium- and Long-Term Insurance & Loan Guarantee Receivables Insurance Your NeedEx-Im Bank Solution
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Export-Import Bank of the United States Working Capital Guarantee ▪Funds to pay for raw materials, labor, supplies, etc. ▪90% guarantee to lenders for export-related working capital loans ▪Transaction specific or revolving loans ▪No minimum or maximum amount
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Export-Import Bank of the United States ▪Advances are supported by export-related: –Inventory up to 75% –Receivables up to 90% ▪Term is generally one year (renewable) and may be up to three years. ▪Supply Chain Financing (New) Working Capital Guarantee (cont.)
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Export-Import Bank of the United States Short-Term, Accounts Receivable Insurance Protects US exporters against non-payment by foreign buyers due to: –Commercial Risks –Political Risks Allows exporters to offer competitive credit terms to foreign buyers –Generally up to 180 days, some 360 day terms Obtain additional financing
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Export-Import Bank of the United States Short-Term, Accounts Receivable Insurance (cont.) Single or Multi-buyer Policies Small Business Policy Express Insurance (New)
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Export-Import Bank of the United States Buyer Financing Used to finance foreign buyers purchasing U.S. capital equipment: ▪85% financed, 15% cash down payment ▪Repayment up to 5 years, exceptionally 7 years ▪Amounts of $10 million or less
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Export-Import Bank of the United States Buyer Financing (cont.) Financing can be accomplished through the following Ex-Im products: ▪Loan Guarantees ▪Export Credit Insurance ▪Direct Loans (few)
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Export-Import Bank of the United States Striving to Do More ▪Making more credit available with new products ▪Increasing outreach ▪Enhancing the small business web portal ▪Streamlining operations to reduce turnaround time ▪Building stronger distribution partnerships to reach more exporters
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Export-Import Bank of the United States Next Steps Consult with an Export Finance Manager: Call 800.565.3946 and press 2 at the prompt. www.exim.gov/smallbusiness
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