For the Seller (U.S Manufacturers)

-Growing your company faster
-Increase revenue and expand market reach
-Cost effective alternative to direct sales representative-No cost until you are paid for the sale
-No costly benefits packages
-Established relationship and trust for existing products and any new ones
-No travel cost
-No hiring, firing or layoff hassles
-No motivation concerns
-No managing remote employees and much more

For the Buyer (International Customers)

-Our service is FREE for all overseas Buyer (International Customers)
-We will answer all the questions you might have regarding the any Manufacturers we are representing.
-If you need to contact the manufacturer directly we will direct you to the correct party or decision maker
-Unbiased opinion about Products or Manufacturers
-We will get paid by the Seller (U.S. Manufacturers)





Ex-Im Bank is an independent U.S. government agency that helps finance the export of U.S. goods and services throughout the world by providing, among other things, export credit insurance. 

There are at least two ways the Ex-Im Bank program helps both the Seller and Buyer:

1. For Overseas Customers (Buyers) who are approved for the Ex-Im Bank program, United States Manufacturers are able to offer payment terms of due up to 60 or even 90 days from invoice date (subject to an Ex-Im Bank-approved credit limit that typically begins around USD$50,000). Once an Overseas Customer (Buyers)  has been in the Ex-Im Bank program for a while, there is a possibility of even longer payment terms for amounts up to USD$100,000 and even more.
2. United States Manufacturers benefit from the program by having an Ex-Im Bank-insured invoice, meaning once the product has shipped the United States Manufacturers can go to their local bank and receive an advance payment for that invoice. This speeds the cash flow and shipment quickly.



Not at all. For approval of up to USD$100,000 in credit, the buyer is responsible for getting a one-page trade reference completed (see sample below) and possibly a one-page credit reference from your bank (also see sample below). The trade reference must come from a company located in the United States with whom the Buyer has done business with in the past.  If the Buyer does not have a US-based trade reference, He/She can submit one from another place like Africa, Asia, North, South America, Europe, and Australia. 

Yes, the United States Manufacturers must pay interest to their bank in the amount of the advance payment it receives. Also they must pay an insurance premium to the Ex-Im Bank in the amount of the Buyer’s invoice. This premium amount will vary depending upon payment terms (longer payment terms have a higher premium). Some United States Manufacturers will pass these costs on to the Buyer in the following way:  On the Buyer’s invoice, He/She will see a separate charge called Handling/Agency Fees. This fee will be calculated at the appropriate rate (typically 1.5-2.5% of the total invoice), multiplied by the number of months the Buyer has until payment is due (note that the United States Manufacturers will not list any interest expense as a line item on your invoice). This handling/agency fee is the only cost you will incur for the Ex-Im Bank program. 

Yes, any companies in Africa, Asia, South America, Europe, and Australia can apply for the Ex-Im Bank program.  The companies must submit satisfactory trade reference and banking information as previously mentioned. Ex-Im Bank makes the final decision on which companies can join the program, based upon the information submitted. 

For certain transactions involving capital equipment, Ex-Im Bank supports medium-term financing for up to 3 years and perhaps longer. The Buyer is required to provide several years of financial statements, a bank reference, trade references, and an international credit report, among other information. Once everything is put together in a way that Ex-Im Bank finds acceptable, the typical approval process takes about four months. If you are interested in pursuing this option, for more detailed information on this medium-term financing, visit the Ex-Im Bank website at http://www.exim.gov and click on the link "Medium-Term Application Guidelines" under "Tools" near the bottom on the left-hand side of the page.
 

Because U.S. Manufacturers or companies participating in the Export Import Bank (EX-IM Bank) program are already using the Ex-Im Bank program for the most part the application to the Ex-Im Bank program will be handled quickly. Once the Buyer has been in the program and has completed several transactions, it may be possible to increase credit limits, payment terms, or both with very little extra effort.

If you would like more information about Ex-Im Bank and this program, please contact us. You can also visit their website at http://www.exim.gov for additional information.

EX-IM Bank Bank Trade Reference Form
http://www.exim.gov/sites/default/files//forms/eib99-14.pdf 

Ex-IM Bank Sample Credit Reference From Importer or Overseas Buyer’s Bank

CREDIT REFERENCE FROM IMPORTER’S BANK

FOR U.S. EXPORT-IMPORT BANK SUPPORTED FINANCING

 Buyer’s Name and Address:

Please request your bank to provide a bank credit report for the Export-Import Bank of the United States (Ex-Im Bank). Ex-Im Bank requires this information as part of the application package for insurance support under Ex-Im Bank’s Insurance Program.

The information provided by your bank should include the following details and should be written on bank letterhead stationery. The completed bank report should be signed and faxed to:

Mr. Dan M. Kimberly

Export Insurance Services, Inc.
36 South Washington St.
Hinsdale, Illinois 60521 USA

Phone: (630) 455-6123

Fax: (630) 455-6124

Questions to be answered by your bank:

1. Year or date the bank began its relationship: _______________________.

2. Has the relationship been handled satisfactorily? ____________________.

3. Size of short-term borrowings / line of credit? _______________________.

4. How is your short-term line of credit secured: By assets? ____________ . By

guarantees? _______________. Other: __________________________.

5. Has the company managed the line satisfactorily? ___________________.

6. Size of term loan (long term debt)? _____________________.

7. Years remaining on term loan?____________________.

8. Is term loan secured by assets? ____________________.

By guarantees? _______________. Other: ______________________.

9. Has the term loan been paid as agreed? ____________________.

10. Opinion of management and the company? ____________________.

11. Please give an opinion on the buyer’s ability to handle cash flow of trade

transactions in the amount of ____________________.

 This report should be signed by the appropriate bank officer with his or her printed name, telephone number, fax number and e-mail address.

 Thank you in advance for your timeliness and cooperation. Should you have any questions, please contact us at once.

 Sincerely,

_______________________ Corporation