The International Trade Loan is a guarantee that helps small businesses engaged in exporting, preparing to engage in exporting, or adversely affected by competition from imports.

Features of the Guarantee:

• SBA can guarantee as much as $1,250,000 in combined working-capital and facilities and equipment loans
• A loan for facilities or equipment [Fixed Asset] may have a maturity of up to 25 years
• A loan for permanent working-capital can be up to 10 years
• A loan for export working capital is generally for a term of 12 months. At the end of this time period, the borrower may apply for a re-issuance
• A guarantee fee of one-quarter of one percent on the amount guaranteed is charged for Export Working Capital loans
• For terms longer than 12 months, the SBA guarantee fee is the same for any standard 7(a) guaranteed loan

Use of Proceeds Fixed Assets:

• Purchasing land and buildings that will be used for producing goods and services for export; building new facilities; renovating or expanding existing facilities; purchasing or reconditioning machinery, equipment and fixtures; and, making other improvements that will be used within the United States for producing goods or services
• Making a permanent working-capital loan
• May not be used for debt refinancing

Use of Proceeds Export Working Capital:

• Proceed requirements are the same for the Export Working Capital Guarantee
• May not be used for debt refinancing

Eligibility:

• Small businesses that meet the normal requirements for an SBA loan guarantee
• The applicant must establish that the loan proceed will expand an existing export market or develop new export markets, or that the business is adversely affected by import competition.

Guarantee Coverage to the Lender:

• For the fixed asset and permanent working capital portion of the loan, 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
• For the export working capital loan, SBA can guarantee 90 percent of a loan up to $1,000,000
• The guarantee for fixed assets is limited to $1,000,000, and the combined guarantees can not exceed $1,250,000

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