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Three SBA Financing Programs for Businesses that Export (Video)

Three SBA Financing Programs for Businesses that Export (Video)



Three SBA Financing Programs for Businesses that Export

(Video Transcript)

Quite literally, export markets can open up a world of growth opportunities for businesses. The Small Business Administration offers three Export Financing programs designed to make it easier for companies to do business internationally.

First is Export Express.

  • Export Express loans can be used for any businesses purposes that will enhance a company’s export development, such as working capital, inventory or equipment purchases to expand operations.

 Second is the Export Working Capital Program (EWCP)

  • EWCP loans give greater flexibility in negotiating export payment terms.
  • These loans are often used for:
    • financing suppliers or inventory,
    • working capital, or
    • financing stand-by letters of credit or down payment guarantees.

 The third SBA export financing program is the International Trade Loan Program.

  • You can use International Trade Loans for fixed assets and working capital for businesses that plan to start or continue exporting.
  • The funds can be used to acquire, construct or renovate facilities and equipment used to produce goods and services involved in international trade.

Is your business already in the global market or planning to enter it?

Learn more about SBA loans at Education.BankersTrust.com.

Next steps:

  1. Learn more with our other Small Business-related articles, videos and infographics.
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  3. Contact me for more information about growing your small business.
Kevin Tiernan

Kevin Tiernan

VP, Treasury Management/Global Banking Sales Manager (515) 246-3330 Email Kevin

Kevin Tiernan serves as VP, Treasury Management/Global Banking Sales Manager at Bankers Trust. He has nearly 15 years of banking experience in treasury management and retail banking. After earning his bachelor’s degree from Iowa State University, Kevin went on to earn his MBA from the University of Iowa. He also completed the Graduate School of Banking program at University of Wisconsin. Prior to joining Bankers Trust in 2011, Kevin worked at Wells Fargo for four years. Kevin has been recognized for his involvement in the community and career achievements. Most recently, he was recognized in the Business Record’s Forty Under Forty in 2015. He was also recognized as an Up and Coming Banker in 2014 by Community Bankers of Iowa, and he received the Governor’s Volunteer award in 2012. Apart from his position with Bankers Trust, Kevin serves on the board of directors of Balance Autism – an organization that provides care and innovative therapy for those living with autism. In his free time, Kevin likes to travel, attend live music concerts and festivals, and ride his bike on Iowa’s beautiful trails.

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