Guarantee Program Purpose Ex-Im Bank's guarantees provide repayment protection for private sector loans to creditworthy buyers of U.S. exports. The guarantees cover the repayment risks on the foreign buyer's debt obligations. Ex-Im Bank guarantees that, in the event of default, it will repay the principal and interest on the loan. The foreign buyer is required to make at least a 15 percent cash payment. Ex-Im Bank's comprehensive guarantee covers 100 percent of the commercial and political risks.
Guarantees covering only political risks are also available.
Ex-Im Bank's guarantees commit the full faith and credit of the U.S. Government. Notes guaranteed by Ex-Im Bank are freely transferable. Ex-Im Bank also guarantees lease financing. Eligible Exports Ex-Im Bank guarantees financing for U.S. capital equipment, projects, and services. Eligible Participants Any U.S. or foreign bank, other financing institution, or other responsible party, including the financing arm of an exporter, can be a lender under the guarantee program.