Under the EWCP, SBA guarantees short-term working capital loans made by participating lenders to exporters. Loan maturities may be for up to three years with annual renewals. Proceeds can be used only to finance export transactions.
Loans can be for single or multiple export transactions.
An export transaction is the production and payment associated with a sale of goods or services to a foreign buyer. SBA may waive this requirement if the applicant has sufficient export trade experience or other managerial experience. Collateral must be located in the United States, its territories or possessions. EWCP applicants must submit cash flow projections to support the need for the loan and the ability to repay. After the loan is made, the loan recipient must submit continual progress reports.