Małe firmy · 21.09.1994

Pilot Export Working Capital Program

The Small Business Administration (SBA) is issuing a notice to advise the public that it is beginning the Export Working Capital Program (EWCP) on a pilot basis nationwide. The pilot program is scheduled to end September 30, 1995, at which time it will be evaluated to determine what, if any, aspects of the pilot should be made permanent. This notice is issued pursuant to Sec. 120.1-2 of SBA's regulations (13 CFR 120.1-2). Under EWCP, SBA guarantees short-term working capital loans made by participating lenders to exporters for the purpose of financing export transactions. EWCP is intended to replace SBA's Export Revolving Line of Credit (ERLC) Program. Accordingly, the regulations for the ERLC Program (13 CFR 122.54) will not apply to EWCP loans. The SBA and the Export Import Bank of the United States (ExIm Bank) are working to harmonize their export financing programs. Accordingly, many features of SBA's EWCP and ExIm Bank's Export Working Capital Program are similar. By design, SBA's Program will assist smaller businesses that need a guarantee of $750,000 or less and ExIm Bank's Program will serve the larger businesses and small businesses that have larger credit needs.