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 small-business 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.
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.
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).
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.
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.
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.
page last updated 2012-Sep-26
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 small-business 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.
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.
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).
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.
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.
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.
page last updated 2012-Sep-26