Business | Entrepreneurship and Business Assistance Centers

Export Finance Tools

Many tools are available to help Ohio companies address the following export finance needs:

Working Capital

Do you have the available working capital to respond to export orders coming your way, or are you turning away business for lack of working capital? Solution: Working capital loans from SBA and Ex-Im Bank

The SBA offers term loans and/or lines of credit up to $5 million for facilities, equipment, and working capital that will enhance export capabilities.
The Ex-Im Bank offers short- and medium-term working capital guarantees starting at $2 million.

Getting Paid

Do you want to export but are afraid of not getting paid? Do you have customers that have always paid CASH-IN-ADVANCE, but now want terms? Do you want to open new markets for your products? Solution: Export Credit Insurance through Ex-Im Bank

Export credit insurance can cover 90-98 percent of your shipment’s invoice price. You may borrow against insured receivables, extend credit to your best customers, or expand into new markets. The cost for export credit insurance can be as low as $550 to insure a $100,000 invoice.

Financing for Buyers

Do you have customers in need of financing? Solution: Exim Bank will loan your creditworthy foreign customers the funds to purchase your U.S.-made goods and services, at attractive interest rates.

Alternative Finance

When traditional sources of export finance are not available to Ohio companies, the Ohio Development Services Agency helps them to explore other alternatives, including factoring and forfeiting.