7(a)Export Loan Guarantees

To aid and assist small-business to increase their ability to compete in international markets by enhancing their ability to export; facilitating technology transfers; enhancing their ability to complete effectively and efficiently against imports; increasing the access of small businesses to long-term
capital for the purchase of new plant and equipment used in the production of goods and services involved in international trade; disseminate information concerning, State, Federal, and private programs and initiatives to enhance the ability of small businesses to compete in international Markets; and ensure that the interests of small businesses are adequately represented in bilateral and multilateral negotiations.

Agency - Small Business Administration

The Small Business Administration maintains and strengthens the nation's economy by aiding, counseling, assisting and protecting the interests of small businesses and by helping families and businesses recover from national disasters.

Office - For reference to the U. S. Export Assistance Centers, see Service Centers in Appendix IV of the Catalog under the Small Business Administration.
Website Address

http://www.sba.gov



Program Accomplishments

None.

Uses and Use Restrictions

To construct, expand, or convert facilities; to purchase building equipment or materials; inventory and for export working capital.

Eligibility Requirements

Applicant Eligibility

A small business is eligible, which is independently owned and operated and not dominant in its field.

They also need to meet the SBA size standards.

Beneficiary Eligibility

Small businesses, including those owned by low-income and handicapped individuals located in high unemployment areas.

Credentials/Documentation

Statement of personal history, personal financial statement, company financial statements, summary of collateral and a resume. Loan must be of such sound value or so secured as to reasonably assure repayment.

Aplication and Award Process

Preapplication Coordination

None.

This program is excluded from coverage under E.O.

12372.

Application Procedures

Applications are filed by the participating lender in the field office serving the territory in which the applicant's business is located. Where the participating lender is in another territory, applications may be accepted and processed by the field office serving that territory, pro vided there is mutual agreement between the two field offices involved.

Award Procedures

Applicant is notified by authorization letter.

Deadlines

None.

Authorization

Small Business Act of 1953, Section 7(a), as amended, Public Laws 97-35, 85-536, Section 2(b).

Range of Approval/Disapproval Time

From 1 to 10 days from date of application acceptance, depending on type of loan and type of lender program.

Appeals

If a reconsideration is requested within 6 months after decline or withdrawal, no new application is required.

Renewals

Not applicable.

Assistance Considerations

Formula and Matching Requirements

Not applicable.

Length and Time Phasing of Assistance

Not applicable.

Post Assistance Requirements

Reports

Periodic financial statements.

Audits

When necessary on a case-by-case basis.

Records

Adequate accounting system.

Financial Information

Account Identification

73-1154-0-1-376.

Obigations

Administrative Costs: FY 07 $5,258,000; FY 08 5,988,000; and FY 09 $6,430,000.

Range and Average of Financial Assistance

OIT has three guaranty loan programs: The Export Working Capital Program. This programs guarantees export loans for us to 90 percent of the loan; The Export Express Loan Program guarantees loans for up to 85 percent of the loan; and the International Trade Loan program guarantees the loan for up to 75 percent of the loan.

Regulations, Guidelines, and Literature

SBA Business Loans from the SBA.

Information Contacts

Regional or Local Office

For reference to the U.S. Export Assistance Centers, see Service Centers in Appendix IV of the Catalog under the Small Business Administration.

Headquarters Office

Director, Office of International Trade, 409 3rd., S.W., Washington, DC 20416 (202) 205-6720.

Criteria for Selecting Proposals

Not applicable.



Social Entrepreneurship
Spotlight



Goldman Sachs Launches $250 Million Social Impact Fund

Goldman Sachs Launches $250 Million Social Impact Fund
Goldman Sachs, the leading global investment banking and management firm, embarked on a $250 million Social...



Social Services Jobs in South Dakota

  Executive Director Jobs
  Education Jobs
  Social Work Jobs
  Social Services Jobs
  Fundraising & Development Jobs





More Federal Domestic Assistance Programs


Minerals Management Service (MMS) Environmental Studies Program (ESP) | State and Tribal Response Program Grants | Indemnity Program | Affordable Care Act (ACA) Research and Evaluation of the Maternal, Infant and Early Childhood Home V | Non-Discrimination in the Community Development Block Grant Program (On the Basis of Race, Color, Na |  Site Style by YAML | Grants.gov | Grants | Grants News | Sitemap | Privacy Policy


Edited by: Michael Saunders

© 2004-2016 Copyright Information Organizers, LLC