Visit your nearest Ex-Im Bank office for a free consultation with an Export-Import Bank Trade Finance Manager. They'll explain our Medium-Term and Long-Term Guarantees and help you with the application process.

Final Commitment (AP): If the contract between the exporter and buyer has been awarded, either the lender or the international borrower may submit the guarantee application. Commercial lenders are often more familiar with the application process, which generally expedites their transactions. If the contract has been awarded and there is a lender ready to finance the transaction with Ex-Im Bank's support, a final commitment (AP) application may be submitted to Ex-Im Bank.

Letter of Interest (LI): If the contract has not been awarded, then a lender, an exporter or an international borrower may request a nonbinding letter of interest (LI) containing Ex-Im Bank terms for the specific transaction. The LI is processed within seven working days, is valid for six months, and can be renewed.

Preliminary Commitment (PC): In certain cases, Ex-Im Bank will accept an application for a preliminary commitment (PC). A PC is a commitment from Ex-Im Bank that the borrower's needs, as outlined in the application, generally meet Ex-Im Bank's financing requirements.

More Information

Please visit the nearest Ex-Im Bank office for a free consultation with an Export-Import Bank Trade Finance Manager, call (202) 565-3946 or email us at info@exim.gov.