You might need some financial help in raising the working capital and other financing to get your exporting program running.
The good news is that there are many resources that can help you finance these needs.
Depending upon your business history and financial track record, you may be able to get a traditional loan or line of credit through a commercial bank, especially a larger bank that has an international finance division familiar with the specific needs of exporters.
But you may not qualify for traditional financing. If that’s the case, you can consider loan programs offered by the U.S. Export-Import Bank and other opportunities through the U.S. Small Business Administration (SBA).
SBA loans are provided by traditional banks. But because the SBA guarantees a large portion of these loans, banks are usually much more willing to fund your loan – often at attractive rates and terms.
And in some cases, various states offer financing to help promote exporting for businesses located in those states.
