Global Trade and Financing

Short Term

Available to

U.S. entities and Non U.S. entities domicile outside or inside USA.

Exports Supported

Equipments, spare parts.

Program Description

For companies out side USA.
For exports held by the dealer out of U.S. for resale to end users .

Best used by

Foreign entities and exporters.

Coverage and Terms

This a combination of short- and medium-term financing.

Cash payment by the dealer of at least 15% of the net contract value.

The dealer will receive 180-day credit terms to finance the acquisition of U.S. capital good.

If the goods are resold and payment is received in full by the dealer by the end of the 180-day credit period, then the financing related to those goods must be repaid.

Otherwise, provided certain conditions are met, the original financing can be refinanced as follows:

1. If, at the end of the 180 day credit period, the goods have been resold on dealer credit, the dealer may refinance its debt obligations to the insured lender on either: i) a short-term basis (i.e., for an additional 180 days) or ii) a medium-term basis (i.e., generally up to 3 years from the date the original loan was made -- including the initial 180-day credit period), depending on the term extended by the dealer to its customer¹); or
2. if the product remains unsold at the end of the initial 180-day credit period, the dealer may refinance its debt on either: i) a short-term basis or ii) a medium-term basis (up to a limit of 2 years from the date the original loan was made including the 180-day credit period).