Almost 95% of all consumers live outside the United States, yet only 1 % of all U. S. companies export. Companies list many reasons why they do not export; lack of information about affordable financing is a prime reason.
To correct that situation, the World Trade Center Delaware and the Export-Import Bank of the United States (EXIM Bank) will host an Exporter and Financial Services Forum at the University & Whist Club in downtown Wilmington, DE on March 13, 2018. Experts from EXIM Bank and local EXIM Bank Partners will give regional businesses and financial institutions the inside knowledge they need to maximize their international business opportunities and increase sales.
EXIM Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. Almost 90 percent of its transactions directly serve American small businesses. In fiscal year 2016 (October 1, 2015, through September 30, 2016), EXIM approved $5 billion in total authorizations to support an estimated $8 billion of U.S. export sales. Since FY 2009, EXIM has supported more than 1.4 million American jobs in communities across the country and sent $3.8 billion of surplus to the U.S. Treasury for deficit reduction.
EXIM Bank provides services to protect against foreign buyer nonpayment using Export Credit Insurance to insure foreign receivables. It empowers businesses to compete more effectively when exporting. It provides Export Credit Insurance and Working Capital Guarantee. It helps companies win foreign projects that require bid or performance bonds. Companies can manage risk and offer more competitive credit terms to foreign buyers using export credit insurance. They can borrow against foreign receivables and inventory to improve their cash flow. Companies also can obtain a loan guarantee for a foreign customer to buy American-made capital equipment and services. EXIM helps to safeguard against commercial and political nonpayment risk, protecting margins and ensuring payment using export credit insurance. Companies also can secure financing for overseas sales through their own banks. Ex-Im Bank also offers other products as part of its portfolio to assist in what tend to be larger projects in areas such as energy, infrastructure, and capital equipment using Loan Guarantee, Direct Loan, and Finance Lease Guarantee instruments.
Who Should Attend:
U.S. Exporters U.S. Product Importers
Government and Non-Profit Economic Development Officers
At this workshop, participants will learn how to:
Protect Against Buyer Nonpayment Get Financing
Issue Performance and Bid Bonds Sell to Foreign Customers on Credit Terms
Borrow Against Export-Related Assets Finance a Foreign Buyer’s Purchase
Export Credit Insurance Working Capital
For More Information, Contact World Trade Center Delaware firstname.lastname@example.org or 302-656-7905