Facebook pixel

Export Financing FAQs:

Answers from Experts

Sharyn Koenig, Managing Director of EXIM's Eastern and Western Regions, answers questions from exporters like you.

Click to listen or scroll to a different FAQ


Overview

EXIM's Multi-Buyer Credit Insurance is a policy that protects an exporter’s accounts receivable and has significant benefits. The protection of a policy equips businesses with the confidence necessary to enter new markets, increase sales in existing ones, and chart a path forward with margins they can depend on. With this security in hand, companies can increase their global competitiveness by offering open account credit terms needed to compete and win sales. In addition, EXIM support empowers exporters to overcome cash flow obstacles by borrowing against their insured receivables.


Use Small Business Multi-Buyer Credit Insurance to:

  • Extend credit terms to foreign customers.
  • Insure against nonpayment by international buyers.
  • Cover both commercial (e.g., bankruptcy) and political (e.g., war or the inconvertibility of currency) risks.
  • Arrange financing through a lender by using insured receivables as additional collateral.

Benefits of Small Business Multi-Buyer Credit Insurance:

  • Risk reduction: safeguard against catastrophic losses from buyer nonpayment. It covers up to 95 percent of sales invoices.
  • Increased competitiveness: unlock the ability to offer buyers the credit terms necessary to expand into new markets and boost sales with existing customers with confidence. In turn, buyers do not need to pay cash in advance and hinder their cash flow.
  • Improved liquidity: accelerate cash flow by borrowing against foreign receivables.
  • Credit management expertise: ease the burden of credit risk management by leveraging EXIM’s international expertise.

How it Works

  • Policies cover both commercial and political losses at 95 percent.
  • There are no application fees or minimum premiums. A one-time, refundable advance deposit of $500 is required to issue the policy.
  • Premiums are paid no later than 30 days after the month of shipment.

Ready to Get Started?

Request Free Consultation
basic guide to exporting image

Free eBook:

A Basic Guide to Exporting

It's easier than ever to sell internationally. Do you know everything you need to compete?

Download Guide
basic guide to exporting image

Free Guide:

Export Credit Insurance

Learn what export credit insurance can do to help your business compete in a global market.

Download Guide