Michigan State University Extension
Extenstion International Trade Res. - 07039501
03/31/96
The Export Assistance Center of Washington was established as a non-profit corporation in 1983 to help small businesses. The professional staff can identify government and private sources for pre-export working capital, export credit insurance, and end-user financing. As a participant in the Export-Import Bank's 'City/State' Program, the EAC can prepare and submit export loan applications directly.
Any business in Washington with less than $100 million in yearly revenues can access the EAC at no cost. Exporters must have at least one year of successful business history, be credit worthy, and be able to perform under the terms of the proposed financing.
- Determine financial risks of specific export transactions,
- Structure appropriate financing of export transactions,
- Assess eligibility for government export loan guarantee programs,
- Prepare and submit export loan applications,
- Bring exporters together with alternative, private sources of purchase order financing, end-user credit, export receivables payment insurance, and security bonds.
- Working Capital Loan Guarantee - guarantees loans for purchasing labor and materials in fulfillment of export orders.
- Foreign Buyer Finance - guarantees export loan repayment by a foreign buyer. - Export Insurance - Insures against political and commercial risk in the overseas buyer's country. For more info. call EAC, or (310)322-1152.
- Both loan and guarantee programs cover up to 85% of the U.S. export value, with repayment terms of one year or more.
Contact: Warren H. Gross, V.P. and Manager, Export Finance 2001 Sixth Avenue Suite 2100 Seattle, WA 98121 Tel: (206) 464-7123 Fax: (206) 587-4224