Photo of globe to signify loan capabilities for exporters all around the world.
 


As one of Ex-Im Bank’s City-State Partners, Nevada State Development Corporation (NSDC) puts Nevada exporters in contact with the right people and organizations to meet their export finance and credit insurance needs.

  1. The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States. Its mission is to assist in financing the export of U.S. goods and services to international markets. Additional information regarding the export programs can also be obtained at www.exim.gov. NSDC has been designated by Ex-Im Bank as one of its City/State Partners to assist Nevada exporters in applying for assistance.
  2. NSDC is also a certified development company of the U. S. Small Business Administration (SBA). The SBA guarantees bank loans for export working capital and other export related activities. For additional information, visit SBA’s website at www.sba.gov/financing and scroll down to Export Working Capital Program.

Export Financing Programs

Working Capital Loan Guarantees cover 90 percent of the principal and interest on bank loans to creditworthy small and medium-sized companies that need funds to buy or produce U.S. goods or services for export. Guarantees may be for a single transaction or a revolving line of credit. Guaranteed loans generally have maturities of one year but can be made for up to three years.

The U.S. Small Business Administration (SBA) and Ex-Im Bank both guarantee bank loans for export working capital and they have “harmonized” their loan programs, so that both agencies offer the same product. The SBA guarantees loans up to $1.5 million. Larger loans are processed through Ex-Im Bank.

Export Credit Insurance policies protect against non-payment by a foreign buyer. Policies cover both political and commercial risk and may be obtained for single or repetitive export sales and leases. For qualifying small businesses, enhanced coverage is available. To qualify as a small business the U.S. exporter (together with its affiliates) must meet the U.S. Small Business Administration’s definition of a small business and have export credit sales of less than $5 million. Other types of export credit insurance are also available for larger firms.

For additional information regarding export financing please contact bbennett@nsdc-loans.com.

 

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