EXPORT-IMPORT BANK FINANCING

Delaware is a part of a cooperative effort of regional banks that can assist exporters in submitting applications for export working capital financing through the Export-Import Bank of the United States (Ex-Im Bank). This enables Ex-Im bank to respond to financing requests more promptly.

The Ex-Im Bank of the United States is an independent U.S. government agency that helps finance the overseas sales of the U.S. goods and services. In 65 years, Ex-Im Bank has supported more than $300 billion in U.S. exports.

Ex-Im Bank's mission is to create jobs through exports. It provides guarantees of working capital loans for U.S. exporters, guarantees the repayment of loans or makes loans to foreign purchasers of U.S. goods and services. Ex-Im Bank also provides credit insurance that protects U.S. exporters against the risks of non-payment by foreign buyers for political or commercial reasons. Ex-Im Bank does not compete with commercial lenders but assumes the risks they cannot accept. It must always conclude that there is reasonable assurance of repayment on every transaction financed.

Ex-Im Bank provides a level playing field for U.S. exporters by countering the export credit subsidiaries of other governments. It also provides financing to creditworthy private and sovereign buyers when private financing is unavailable. To qualify for Ex-Im Bank support, the product or service must have at least 50 percent U.S. content and must not affect the U.S. economy adversely.

Ex-Im Bank supports the sales of U.S. exports worldwide. In recent years, its focus has shifted to the developing nations whose economies are growing at twice the rate of industrial nations.

Ex-Im Bank will finance the export of all types of goods or services, including commodities, as long as they are not military-related (certain exceptions exist). Two of its major goals are to increase the export of environmental goods and services, which are in strong demand among the developing nations, and to expand the number of U.S. small businesses using Ex-Im Bank programs including:

• Working Capital Guarantee Program
• Insurance Program
• Medium- and Long-Term Loans and Guarantees
• Project Finance Program
• Engineering Multiplier Program
• Operations Maintenance Contracts Program
• Lease Coverage Program
• Tied Aid

For further information on the EXPORT LOAN PROGRAMS, please contact us.