For small businesses aiming to expand or develop new markets.
This program, designed for exporters, provides quick access to up to a maximum of $500,000 with a 90% guarantee by the SBA.
Businesses that are:
Individual or Doing Business As (DBA).
Organized as a sole proprietorship, corporation or professional partnership.
Unable to secure other credit under reasonable terms.
Manufacturers, wholesalers, export trading companies and service exporters.
Loan applicants must demonstrate that the loan proceeds will enable them to enter a new export market or expand an existing export market.
Applicants must have been in business, though not necessarily in exporting, for at least 12 months.
Businesses within the size guidelines established by the SBA under the North American Industry Classification System (NAICS).
Loan amounts up to $5,000,000.
SBA provides up to 90% guarantee.
Line of Credit or Term Loan.
Maximum Loan Terms:
Commercial Real Estate up to 25 years.
Working Capital - up to 10 years.
Lines of Credit - up to 5 years.
Other purposes may vary from 5 - 15 years.
Borrower’s Equity Injection:
Typical Use of Proceeds:
Finance any export development activity such as:
Standby letters of credit.
Participation in foreign trade shows.
General lines of credit for export purposes.
Purchase of real estate and equipment.
For more information, go to: https://www.sba.gov/offices/headquarters/oit/resources/5715