A loan for facilities and equipment may have a maximum maturity of 25 years, while the working capital portion of the loan has a maximum maturity of 10 years. The maximum maturity is blended proportionately between the working capital portion and fixed asset uses. Additional loan programs are available for small businesses. For more information contact the SBA or visit their website. Political risks of default include events beyond the control of the buyer, caused by government action including political violence or war, government intervention, cancellation of an export or import license, transfer or inconvertibility of risk.
Policies can cover single or repetitive export sales and leases.
The policies are used to support the sale of consumer goods, raw materials and spare parts on terms of up to 180 days, and bulk agricultural commodities, consumer durables and capital goods on terms of up to 360 days. In general, insurance policies cover 90 to 98 percent of the commercial risk and 90 to 100 percent of political risk. The Guarantee Program at Ex-Im provides repayment protection to lenders for private sector loans to creditworthy buyers of U.S. exports. The guarantees cover 100 percent of principal and interest against both political and commercial risks of nonpayment. Medium term guarantees cover the sale of capital items such as trucks and construction equipment, scientific apparatus, food processing machinery, medical equipment, or project-related services.