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Lenders

Overview

The Export-Import Bank of the United States (Ex-Im Bank) is the official export credit agency of the United States that assists in financing the exports of U.S. goods and services to international markets.

Ex-Im Bank assumes risks that commercial lenders are unable or unwilling to accept. We provide lenders with the export financing tools to service transactions typically involving higher country or credit risks.

With nearly 70 years of experience, Ex-Im Bank has supported more than $400 billion in U.S. exports. Most of our financing facilitates exports to emerging or developing markets.

We rely on the distribution resources of commercial lenders. Commercial export financing, backed by our guarantees and insurance, benefits all parties – lenders profit, U.S. exporters capitalize on business opportunities, and international buyers can purchase high-quality, “made in the U.S.A.” products and services.

Benefits to Lenders

In today’s global economy, few companies have a customer base that is purely domestic. Your customers need financing for their international sales. From pre-export working capital financing to large structured or project financing, Ex-Im Bank has a product that can support your customers’ needs and limit your risks.

Benefits:

• Meet customers’ needs for export financing with a variety of export financing products
• Limit your country and credit risks
• Increase profits
• Satisfy bank regulatory requirements
• Sell, transfer and participate Ex-Im Bank-supported loans to third parties

With Ex-Im Bank’s trade financing support, lenders can offer more products and services to their customers, increase their profits, and transfer the risk to Ex-Im Bank.

Export Finance Products

Working Capital Loan Guarantee

Ex-Im Bank’s working capital loan guarantee enables a lender to extend pre-export working capital loans to qualifying U.S.-based companies. Our guarantee covers 90% of the loan’s principal and interest, and carries the full faith and credit of the U.S. government.

Working capital loan facilities supported by our guarantee, which may be revolving or transaction-specific lines, are generally available for one year but may be extended up to three years with Ex-Im Bank’s approval.

Benefits:

• Security to make a working capital loan against export-related collateral
• Required to issue stand-by letters of credit
• Allows terms of up to three years for some revolving loans
• Delegated authority available to lenders to extend working capital loans without Ex-Im Bank’s pre-approval

Export Credit Insurance

Ex-Im Bank’s export credit insurance policies enable you to increase your trade-related services while limiting your exposure to country and credit risks.

These policies are available for short-term credits (generally up to 180 days) and medium-term credits (generally up to five years).

Short-term insurance covers U.S. exports of consumer goods, agricultural products, spare parts and raw materials. Medium-term insurance assists in financing exports of U.S. capital goods and services.

Our bank-to-bank insurance facility, available in select markets (link), provides you and your foreign lender or corporate customer with an Ex-Im Bank-backed medium-term credit line to purchase U.S. goods and services.

Benefits:

• Expand trade-related services to customers
• Limit your credit and country risks
• Take assignment of Ex-Im Bank-insured receivables to fund exporter’s working capital needs
• Enhanced assignment available when exporter is a small business (covers additional risks of exporter nonperformance)
• Insures receivables that you discount, factor or purchase on a nonrecourse basis
• Short- and medium-term policies available

Loan Guarantee

Ex-Im Bank provides guarantees of commercial loans to international buyers of U.S. capital goods and services to protect lenders against commercial and political risks of nonpayment. These guarantees are available for medium- and long-term loans to international buyers.

Ex-Im Bank will support up to 85% of the contract amount (depending upon the U.S. content) after a cash payment of at least 15%. Ex-Im Bank’s guarantee cover 100% of the loan principal and interest.

Medium-term: Ex-Im Bank offers both export credit insurance and guarantees with repayment terms up to seven years. For transactions with terms of over five years, Ex-Im Bank primarily offers a guarantee.

Long-term: Ex-Im Bank offers guarantees with repayment terms over seven years.

Benefits:

• Enables you to provide competitive-term financing in difficult markets
• Limits country and credit risks
• Local costs and ancillary services (e.g., financial, legal and technical consulting fees) may be financed
• You negotiate the interest rate with the buyer
• Supports loans denominated in certain foreign currencies
• Medium- and long-term guarantees available

Credit Guarantee Facility

Ex-Im Bank offers credit guarantee facilities to provide a line of credit to an international bank or buyer. The credit guarantee facility will support up to 85% of the contract price.

Repayment terms up to five years for capital equipment and services are offered (up to seven years in exceptional circumstances). The minimum facility size is $10 million.

Benefits:

• Permits you to offer competitive-term financing to your customer in difficult markets
• Facilitates financing of many small transactions with minimal paperwork
• Individual disbursements can be consolidated and sold in a secondary market

Structured and Project Finance

Ex-Im Bank also offers guarantees and direct loans to finance U.S. exports for the construction and operation of projects through structured finance transactions, including limited recourse project finance.

Benefits:

• Ability to offer financing for U.S. exports to international projects, including projects in countries where the Bank is not open for routine transactions
• Long-term financing is available on terms up to 14 years
• Interest during construction, local costs and ancillary services (e.g., financial, legal, or technical consultation fees) may be financed

Transportation

Ex-Im Bank’s medium- and long-term financing products can assist U.S. manufacturers in selling transportation equipment to international buyers. Ex-Im Bank will support the export of both new and used U.S. manufactured transportation equipment such as commercial jet aircraft and engines, general aviation equipment, locomotives and other rolling stock, ships, and trucks. Special financing structures such as asset-based finance leases are available for certain exports. For more information, see Transportation.

Becoming an Ex-Im Bank Lender

Ex-Im Bank’s financing requires that our credit standards be met and our policy guidelines be followed.

Ex-Im Bank provides training and guidance to lenders interested in working with us. To maximize your benefits from Ex-Im Bank products, we recommend that you attend one of our financing seminars. You may e-mail info@exim.gov or call 1-(800) 565-3946 (EXIM).