The SBA Export Working Capital Program (EWCP) is designed to provide small businesses with the financing needed to support export transactions. This program helps businesses ensure they have the necessary funds to fulfill export orders, expand international operations, and remain competitive in global markets.
What Is the SBA Export Working Capital Program?
The EWCP offers short-term working capital loans to businesses involved in exporting goods and services. These loans bridge the gap between production and payment by financing export-related expenses such as:
- Purchasing inventory or raw materials.
- Manufacturing and shipping goods.
- Financing accounts receivable generated from export sales.
Eligibility for the EWCP
To qualify for the SBA Export Working Capital Program, businesses must:
- Meet SBA’s size standards for small businesses.
- Be involved in or preparing for export activities.
- Have a qualified export transaction, such as a purchase order or contract from a foreign buyer.
Loan Terms and Features
- Loan Amounts: Up to $5 million.
- Repayment Terms: Terms of up to one year, with renewals available based on the business’s needs.
- Interest Rates: Competitive rates, negotiated between the borrower and the lender.
- Collateral: Secured by export-related inventory or receivables, with additional collateral as required.
Benefits of the SBA Export Working Capital Program
- Improved Cash Flow: Access funds to fulfill export orders without straining your business’s finances.
- Reduced Risk: SBA-backed loans provide lenders with guarantees, making it easier for businesses to secure financing.
- Flexibility: Loan proceeds can be used for a wide range of export-related expenses.
How to Apply for the EWCP
- Evaluate Export Financing Needs
Determine how much capital your business needs to fulfill export orders or support global operations. - Prepare Documentation
Compile relevant export documentation, including purchase orders, contracts, and export sales forecasts. - Partner with an SBA-Approved Lender
Work with a lender experienced in the EWCP to guide you through the application process and secure financing.
“Find me a Lender”
Click the Find me a Lender button below to connect with professionals who can help you access the SBA Export Working Capital Program and take your business to the global market.