It is not difficult to qualify for EWCP loans. Your transaction itself and the goods and contracts associated with it are your collateral. You are, however, required to provide personal guarantees on the loan. Terms and Maturities Interest rates are negotiable depending on the type of transaction being financed. Loans typically mature within 12 months, but can be extended to 36 months when necessary.
Interest rates are higher on longer-term loans.
This federally-sponsored loan program helps businesses open or expand foreign markets or compete against adverse competition from imports. Rates are generally favorable, and the term can extend up to 25 years for land, buildings, and equipment or three years for working capital. To qualify, you must prepare a business plan which details how loan proceeds will expand or create an export market, or prove how imports damaged your existing market. Additionally, you must demonstrate your ability to repay the loan. Export Loans - Specialized tools make financing exports faster and easier than ever.