This new program can be used to cover the costs of entering a new market or expanding an existing market. These general company loans require presentation of a business plan demonstrating that the proceeds will be used for export market development. For services companies that need help covering expenses directly related to an export, there are several working capital guarantee programs available.
Financing can be for either a single transaction or for an on-going supply of services.
Im Bank can handle larger requests. Examples of services sector activities supported include training staff, developing software, and developing architectural plans. Ex-Im Bank also has special programs for architecture, engineering, environmental consulting services for which traditional collateral often is not sufficient to support a loan. Ex-Im Bank offers insurance covering political and commercial risk. Particularly useful to many services companies is the Small Business Policy that has 100 percent coverage for political risk and 95 percent coverage for commercial risk.