Friday, May 18th, 2012

Export Loans

 

SBA Export Express Loans

Access to Capital for Businesses that Export Goods or Services


Take advantage of low interest rates: Currently $76 per $5,000 borrowed
Response in 48 hours
10-day funding

Who May Apply for These Business Loans:

  • If your business is interested in entering or expanding into an export market.
  • Business must be in operation for 12 full months.
  • If you are not doing so now, but have the potential of doing so in the future.
  • Your business income need not be based 100% on exporting. You are eligible if goods or services are sold both domestically and internationally.
  • For example, you may qualify if you have a website, or plan to have a website, that persons outside the United States may visit and purchase items upon.
  • No requirement of selling tangible goods. May be eligible if services only are provided, such as business consultation, advice, technical support, document preparation, marketing / sales / promotion, procurement, design, graphics, web site development, drawings and specifications, and the like.
  • In business for at least one year, although not necessarily in the export business.
  • No set dollar amount for export sales. A significant amount of exporting is sufficient.

 

What kind of credit is needed?

This program allows a special concession in the form of a “second look” at your credit report with a liberal and favorable review.

What kinds of businesses?

Any for-profit business which has been in operation for 12 full months, whether a sole proprietorship, partnership, LLC, or corporation.

What can the loan be used for?

For most business purposes, including expansion, equipment, cash flow, payroll, overhead, working capital, inventory, shipping and warehouse costs, letters of credit (US and Internatonal), trade shows, brochures and catalogs, translation services, facility upgrades, marketing, internet sites, and other costs to establish a foreign market.

TERMS

  • Loan amounts between $5,000 and $25,000.
  • No coupons or mailing—automatic ACH debit from your business account.
  • No prepayment penalty or balloon payments—pay off early and stop the interest.
  • Interest is low 4.5% plus Wall Street Journal prime.

BENEFITS

  • Simplified paperwork.
  • Quick response time.
  • Free paid for technical assistance.  Quick, easy, and informative.
  • Financials and tax returns are not required.
  • Funds used to enter a new export market or expand an existing market.
  • No collateral required.
  • Establishes credit for your business.
  • Money is wired directly into your business checking account

Ready to apply? Click here to apply for up to $25,000.”
Apply here instantly

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