Guarantee

Finex Trade Group provides medium and long term financing to international buyers of the private and public sector for purchases of U.S. goods and services. Finex Trade Group, through Ex-Im Bank’s loan guarantee program, is able to offer international buyers competitive term financing when financing is otherwise not available or there are no economically viable interest rates.

Benefits:

• Enables international buyers to obtain loans
• Covers 100% of commercial and political risks
• Flexible financing options and repayment terms
• No limits on transaction size
• Medium-term and long-term financing available

Eligibility

Finex Trade Group provides loans to international buyers generally for financing purchases of U.S. capital equipment and services. Financing may also be available for:

• Refurbished equipment
• Software
• Certain banking and legal fees (See Financing Fees for Ancillary Services.)
• Certain local costs and expenses (See Ex-Im Bank Policies – Local Cost.)

Goods eligible for financing must be shipped from the United States to an international buyer. For transactions over $10 million and/or on terms of 10 years or more, there may be U.S. flag vessel requirements.

Product Description

Size: There is a minimum transaction amount of $150,000 and no maximum limit to the size of the export sale that may be financed.

Cash Payment: The buyer is required to make cash payment to the exporter equal to at least 15% of the U.S. supply contract. The 15% cash payment can either be borrowed from a lender or the exporter at market terms, or be from the buyer’s own funds.

Repayment Terms: Generally, the repayment term of a transaction is determined by numerous variables including but not limited to the borrower’s financial condition, the common repayment terms the market gives such products, specific industry practices, industry and country conditions, and useful life among others.

Repayment terms up to five years are generally available for exports of capital equipment and services. Terms up to 10 years may be available for transportation equipment and exports to large-scale projects.

Medium-Term Credit Standards: To qualify for medium-term financing, borrowers must meet certain credit standards, depending on the size of the transaction, the nature of the buyer, and the goods and services being financed. If a buyer does not meet these standards, the use of guarantors and other credit enhancements may be used to qualify.

Reach-Back

Shipments of goods and services that occurred prior to the financing request may be eligible for financing provided the shipments occurred up to 10 months prior to the date Finex Trade Group received the financing request for the transaction.

Step by Step Process