For service companies that want to develop their export markets SBA s Export Express is a good starting point. This new program can be used to cover the costs of entering a new market or expanding an existing market. A company s loan application is processed by one of about three hundred approved private lenders. These general company loans require presentation of a business plan demonstrating that the use of the proceeds will result in increased export sales. For 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.
Be aware, however that some banks may still be reluctant to provide the financing. Im Bank can handle larger requests. Examples of services sector activities supported include training staff, developing software and developing architectural plans. Bank also has special programs for architecture, engineering and environmental consulting services for which traditional collateral often is not sufficient to support a loan. Im Bank may also consider accommodating similar service companies and may be willing to disburse against actual contract- related costs.