Guidance for Businesses and
Employers to Plan and Respond to Coronavirus Disease 2019 (COVID-19)
Republication – SBA Website, March 14, 2020
Health and
government officials are working together to maintain the safety, security, and
health of the American people. Small businesses are encouraged to do their part
to keep their employees, customers, and themselves healthy.
Content
Exporting
Assistance
SBA provides export loans to help small businesses
achieve sales through exports and can help these businesses respond to
opportunities and challenges associated with trade, such as COVID-19. The loans
are available to U.S. small businesses that export directly overseas, or those
that export indirectly by selling to a customer that then exports their
products.
o
Export Express loan program allows access
to capital quickly for businesses that need financing up to $500,000.
Businesses can apply for a line of credit or term note prior to finalizing an
export sale or while pursuing opportunities overseas, such as identifying a new
overseas customer should an export sale be lost due to COVID-19.
o
Export Working Capital program
enables small businesses to fulfill export orders and finance international
sales by providing revolving lines of credit or transaction-based financing of
up to $5 million. Businesses could use a loan to obtain or retain overseas
customers by offering attractive payment terms.
o
International Trade loan program
helps small businesses engaged in international trade to retool or expand to
better compete and react to changing business conditions. It can also help
exporting firms to expand their sales to new markets or to re-shore operations
back to the U.S.
No comments:
Post a Comment