ExportExpress combines lending and technical assistance to help small businesses that have difficulty in obtaining adequate export financing.

Features of the Guarantee:

• Any Lender approved to participate in the domestic SBAExpress program is automatically authorized to participate in SBA ExportExpress
• SBA ExportExpress Lenders use streamlined and expedited loan review and approval procedures, their own loan analysis, loan procedure and loan documentation
• Completed loan applications are submitted to SBA for an eligibility review; SBA typically provides lenders with a response within 36 hours
• Support for single transactions or revolving lines of credit

Use of Proceeds:

• Financing export-development activities such as participation in a foreign trade show or translation of product literature
• Acquiring, constructing, renovating, improving or expanding facilities or equipment used in the United States to produce goods or services for export
• Purchase finished goods for export or acquire inventory to be exported
• Finance pre-export costs of labor and materials used in the manufacture of goods for export
• Finance costs of U.S. labor and overhead for service company exports
  Finance foreign accounts receivables

Eligibility:

• Small businesses that meet the normal requirements for an SBA loan guarantee
• Small businesses that have been in operation [not necessarily in exporting] for at least one year

Guarantee Coverage to the Lender:

• SBA can guarantee up to 85 percent of loans up to a maximum loan amount of $150,000, and up to 75 percent for loans above $150,000 to a maximum loan amount of $250,000

For More Information Contact

EXPORTERS LOCATED IN D.C.:

Patrick Tunison
Chief International Lending Officer, International Trade Programs
U.S. Export Assistance Center
300 W. Pratt St., Suite 300
Baltimore, MD 21201
Phone: (202) 205-6426
Fax: (202) 205-7272
E-mail: patrick.tunison@N0SPAM.sba.gov

EXPORTERS LOCATED IN VIRGINIA:

Dan Holt
Regional Manager, International Trade Programs
U.S. Export Assistance Center
521 E. Morehead St., Suite 435
Charlotte, NC 28202
Phone: (704) 333-4886
Fax: (704) 332-2681
E-mail: dan.holt@N0SPAM.mail.doc.gov