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Max Gross,
Chapter 570 Chair
MEMBERS ONLY
Vet PROGRAMS
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CAPITAL SOURCES MENU
SBA
EXPORT REVOLVING CREDIT LINE
SOURCE:
From Lending Institution.. SBA Guaranteed
ELIGIBILITY:
For-Profit Small Business(Some Exceptions) Must be Current on All Payrolls.
In Business 1 yr min.
RATE:
By Negotiation With Lender.
COLLATERAL:
Receivables, Inventory, Letters of Credit, all Under Jurisdiction of U.S.
Courts.
AMOUNT:
Guaranteed to $780,000 or 85% of Loan
FEES:
Up to 1/4% of Guarantee
TERM:
36 Months Maximum
OTHER:
Estimated Cash Flow Statement Required. Monthly Progress Report Required
Also.
INFO:
See SBA Fact Sheet #51. Attend SCORE Seminars. See your SBA Authorized
Banker for Specific Requirements
EXPORT WORKING
CAPITAL PROGRAM (EWCP)
SBA's new loan
program provides funds for the purchase of goods or services for export
purposes or to support the collection of foreign receivables. The new EWCP
has a maximum guarantee of 90% and a maximum amount of $750, 000. The
application has been streamlined to allow a faster processing time.
INTERNATIONAL TRADE LOANS (IT)
IT provides
assistance to businesses presently engaged or preparing to engage in
international trade and to businesses adversely affected by import
competition. The maturity on an IT loan is the same as on other SBA loans
(from 5 to 25 years). The maximum SBA exposure is $1,250,000 for facilities
and working capital.
CAPITAL SOURCES MENU
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