|EXPRESS INSURANCE||SMALL BUSINESS MULTI-BUYER||STANDARD MULTI-BUYER||SINGLE-BUYER|
|Target Market||Small businesses new to exporting* with <$7,500,000 export credit sales and 10 or less buyers. Must have no more than five years of export credit experience||Small business exporters* with <$7,500,000 export credit sales||Experienced exporters||Any exporter desiring to insure only one buyer|
|Base Coverage||95%. Not all accounts must be covered||95%||95%||90%|
|Discretionary Credit Limits||None. EXIM approves all buyers||Yes. Amount based on exporter’s experience||Larger amounts for most experienced exporters||None. EXIM approves the one buyer|
|Deductible||None||None||Yes, amount based on exporter’s risk portfolio and experience||None|
|Premium Rate per $100
(for private sector buyers)**
|Same rates for any country risk. Based on payment terms offered to buyers.
1-60 days: $0.65
61-120 days: $1.06
121-180 days: $1.35
|Same rates for any country risk. Based on payment terms offered to buyers
1-60 days: $0.55
61-120 days: $0.90
121-180 days: $1.15
|Portfolio tailored rate with discounts for low risk country concentration and many buyers.||Premium rates vary according to country of the Buyer and length of payment terms. exim.gov/tools-for-exporters/exposure-fees/shorttermelcessfinancing|
|Period Covered||12 months; Renewable||12 months; Renewable||12 months; Renewable||12 months|
|Claim Filing||3–8 months after due date||3–8 months after due date||3–8 months after due date||3–8 months after due date|
|Policy Issuance Fee||$500;
|Minimum $500 for first policy; waived for renewals and repeat small business customers.
Refundable if premium paid during the first year exceeds the fee.
|Foreign Buyer Credit Information||Does not have to be provided by the exporter||Exporter must provide to EXIM||Exporter must provide to EXIM||Exporter must provide to EXIM|
* For businesses that meet the Small Business Administration (SBA) definition and whose three-year annual average of export credit sales are not more than $7.5 million (excluding sales to Canada and secure payment terms such as cash, letter of credit, or sight drafts). Environmental small business policyholders are exempt from the $7.5 million "exit threshold."
** Different rates apply for letter of credit and sovereign buyers.
Local experienced regional directors and partners are ready to help companies win sales worldwide. They will answer questions and expedite the application process. Simply call 800.565.3946. Also, see exim.gov/tools-for-exporters for a list of our nearby registered insurance brokers who can assist with applications and policy administration at no additional cost to the exporter, as EXIM Bank pays their commissions. Learn more at exim.gov/what-we-do.