In order to facilitate high volume sales of capital goods and related services from multiple US exporters, EXIM Bank offers the medium-term Credit Guarantee Facility (CGF) Program.

Credit guarantee facilities are lines of credit between a funding bank and a foreign obligor. EXIM Bank guarantees the repayment of the foreign debt obligations. If the obligor is a foreign bank, it must offer the same on lending terms to the end-users of the U.S. exports and the obligor takes the repayment risk of the local companies. CGFs may offer repayment terms of two to five years based upon the useful life of the capital goods or otherwise deemed appropriate for medium-term support. Exports typically sold on shorter terms are not covered under CGF facilities. Exports that require specialized review by EXIM Bank, e.g., nuclear-related exports, aircraft, environmental, military, etc., are typically not eligible to be financed under CGFs.

U.S. exporters are identified during the application process and enjoy the benefits of the CGF. EXIM Bank conducts due diligence on the list of exporters and assists them in understanding the requirements of our standard export documents if they are new to export.

EXIM Bank's standard medium-term guarantee coverage is available and all parameters apply to the CGF product. CGF funding banks must be pre-qualified by EXIM Bank in order to use this program. Funding banks submit the application and work closely with the buyers and exporters. Funding banks review and retain the export documents and receive their electronic guarantee through EXIM Bank 's Online system. Individual disbursements and eligible invoices funded under the CGF are capped at $10 million in accordance with EXIM Bank 's medium-term program guidelines.

If you are a funding bank and would like to qualify as a CGF lender, please contact the Trade Finance Division on 202-565-3665.