Maturity up to 5 years. Typically, collateral requirements are met by short-term assets being financed. Program Small businesses engaged in or entering international trade, as well as those affected adversely by foreign imports. Funds may be used to repay existing debt. Working capital loans have a maximum maturity of three year loans for capital facilities or equipment can be up to 25 years.
Domestic collateral is required.
Participating lenders require first-lien position and a personal guarantee. Expanding small businesses. Loans cannot be made for speculative investment. Typically, the participating financial institution takes a first lien position on assets being financed. Personal guarantee of principals required.