Export Working Capital Program
The SBA’s Export Working Capital Program (EWCP) assists businesses exporters in meeting their short-term export working capital needs. Exporters can use the proceeds to make the products they will be exporting. They can also apply for such lines of credit prior to finalizing an export sale or contract. With an approved EWCP loan in place, exporters have greater flexibility in negotiating export payment terms — secure in the assurance that adequate financing will be in place when the export order is won.
Application is made directly to SBA-participating lenders. Businesses are encouraged to contact SBA staff at their local U.S. Export Assistance Center to discuss whether they are eligible for the EWCP and whether it is the appropriate tool to meet their export financing needs. Participating lenders review/approve the application and submit the guaranty request to SBA staff at the local Export Assistance Center.
U.S. Export Assistance Centers
To find your nearest USEAC, visit www.sba.gov/content/us-export-assistance-centers.
SBA trade finance specialists are in 19 U.S. Export Assistance Centers, which also are staffed by U.S. Department of Commerce and, in some locations, personnel from the Export-Import Bank. The USEACs also work closely with other federal, state and local international trade organizations to provide assistance to small businesses.
The U.S. Department of Commerce has many programs to assist businesses who export. Check the International Trade Administration website listed below for information on the best foreign markets for U.S. products, resources to help you sell your products, market research information, statistics, NAFTA rules, worldwide trade events, tariffs and much more.
For more information, contact:
Jeffrey W. Porter
Director
U.S. Department of Commerce,
Commercial Service
511 Congress St.
Portland, ME 04101
207-541-7430
www.export.gov/Maine
Jeffrey.Porter@trade.gov
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