San Diego & Imperial Valley Edition 2020—U.S. Small…

FUNDING PROGRAMS

Go Global with International Trade Businesses that export are more resilient—they are less dependent on any one market. Exporting also stabilizes sales for those who make seasonal products.

finalizinganexport saleor contract, soadequate financing is inplaceby the timeyouwinyour contract. If you’vebeen inbusiness for at least ayear, askyour areaSBA regional finance manager about theExportWorkingCapital program. The International TradeLoanprogram alsohelps exporterswhohavebeenadversely affectedby foreign importing competition, helpingyoubetter competeglobally. Max loan amount: $5 million Interest rate: for ExportWorkingCapital, the rate isnegotiatedbetweenborrower and lender. For the International TradeLoan, it alsocannot exceedprime+2.75%for loanamountsover $50,000andmaturityof sevenyearsormore Terms: For Export Working Capital, typically one year, cannot exceed three years. For International Trade Loans, up to 25 years for real estate, up to 10 years for equipment Guarantee: up to 90% Export Express uses a streamlined process that expedites the SBA guarantee—what small businesses need most when preparing to export or ramping up international trade on a fast timeline. Max loan amount: $500,000

Expert Advice on Exporting Find an SBA professional in one of the 21 U.S. Export Assistance Centers, sba.gov/tools/local-assistance/ eac , located in most major metro areas. The centers are also staffed by the U.S. Department of Commerce and, in some locations, the Export- Import Bank of the United States and other public and private organiza- tions. Visit your local Small Business Development Center (see page 10) for exporting assistance from professional business counselors. Interest rate: typically not to exceed prime + 6.5% Terms: up to 25 years for real estate, up to 10 years for equipment, up to seven years for lines of credit Guarantee: up to 90% Approval time: 36 hours or less

Expand your Market Small businesses can enter and excel in the international marketplace using State Trade Expansion Program grants and training. Visit sba.gov/internationaltrade to find out if your state is participating. You can: • learn how to export • participate in foreign trade missions and trade shows • obtain services to support foreign market entry • translate websites to attract foreign buyers • design international marketing products or campaigns Financing for International Growth Having trouble securing capital tomeet your small business exportingneeds?UseSBA international tradeprograms tocover short or long-termcostsnecessary tosell goodsor services abroad. Loanproceeds canbeused forworkingcapital to finance foreignsalesor for fixedassets, helpingyoubetter compete globally. Youcanapply for linesof credit prior to

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