A record $184.4 billion in goods and services were exported by U.S. businesses in March 2012, according to U.S. Commerce Department figures. If you’re ready to join this growing export community, chances are you will need financing resources to take your small business to the international level. Consider the SmallBusiness Administration (SBA) and its partners for loan programs to assist you with the various financial needs involved in beginning your exporting endeavor.
Export Express Loan Program. Financing is available for export transactions including support for standby letters of credit and export development expenses such as product literature translation. The financing can be a term loan or a revolving line of credit.
To find the simplest and quickest financing avenue offered by the SBA, check with your existing lender to see if they participate—if so, you can apply directly with them—or go to the list of participating lenders by state which can be found on the SBA’sExpress Loan site. (more…)