Getting Started Overseas: Eximank Working Capital Financing for Small Business Exporters

Authors

  • Toni Lester Babson College

Abstract

This article focuses on pre-export financing options offered to small business exporters by the U.S. Export-Im port Bank. Financing is provided in theform of guarantees on commercial bank working capital loans to small business exporters. The pa per discusses the program itself as well as relevant federal statutory law governing the program's establishment and operation.

References

The Export-Import Bank (hereinafter referred toas "Eximbank" ) Act of1945, 12United Sta te

Code, Section 635 (1945).

Eximbank Amend ments of 1978, 12 United States Code, Section 635(b)(l )(B) (1978).

E ximbank Act Amend ments of 1983 , 12 United States Code, Section 635a-4 (1983). Eximbank: Application for Working Capital Guarantee, EIB Form 84-1 (as rev. 1987). Eximbank: Program Selection Guide (1989), p.1.

Eximbank, 1988 Annual Report (1988), p.2.

Eximbank, Financing and Insuring E xports: A User's Guide To Eximbank and FCIA Programs (1989), p. III-1.

E ximbank: Program Selection Guide (1989), p.1.

Warren Glick and·R. McKinsey, The Export-Im port Bank of the United States, in 2

International Financial Law (R. Rendell ed., 2nd ed. 1983), p. 144.

House Committee On Banking, Finance, and Urban Affairs, H.R. Report No. 290, 97th Congress., 2nd Session 3, reprinted in U.S. Code Congressional & Ad ministrative News (1983), p.2471.

McCann, Term Loan Handbook, A.B.A. Section Corporations, Banking, Business Law (New York, Harcourt, Brace, Jovanovich, 1983), p.11.

Edward Reed, Richard Cotter, Edward Gill and Richard Smith, Commercial Banking

(New Jersey, Prentice Hall 1980), p. 448.

Rendell, Robert, Export-Im port Bank Financing and the Role of the Export-Im port Bank of the United States, 2 Journal of International Law and Economics (1976), p. 92.

Downloads

Published

1991-01-04

Issue

Vol. 2 No. 1 (1991)

Section

Articles

License

The Journal of Small Business Strategy (the “Publisher”) and the Author(s) agree as follows:
 
1.Author(s) hereby grant to Publisher all right, title, and interest in and to the Work, including copyright to all means of expression by any method now known or hereafter developed, including electronic format. If Publisher does not publish the Work within two (2) years of the Effective Date, copyright shall revert back to the Author. Publisher agrees to always credit Author(s) as the author(s) of the Work.
 
2.Publisher hereby grants Author a royalty-free, limited license for the following purposes, provided the Work is always identified as having first been published by Publisher.
    •The right to make and distribute copies of all or part of the Work for use in teaching;
    •The right to use all or part of the material contained in the Work in a book by the Author(s), or in a collection of the Author(s)’s work;
    •The right to use and distribute the Work internally at the Author(s)’s place of employment, and for promotion and any other non-commercial purposes;
    •The right to use figures and tables from the Work for any purpose;
    •The right to make presentations of material from the Work;
    •The right to use and distribute the Work on the Author(s)’s Web site and on the Author(s)’s university’s institute repository;
Such license shall be effective when the Work is first published in the Journal of Small Business Strategy.
 
3.The Author(s) represents and warrants that the Work: (a) is the Author(s)’s original work and that Author(s) has full power to enter into this agreement; (b) does not infringe the copyright or property right of another; (c) contains no materials which is obscene, libelous, defamatory or violates another’s civil right, right of privacy, or is otherwise unlawful; and (d) has not been previously published, in whole or in part. Author(s) shall indemnify and hold Publisher harmless against loss or expenses arising from breach of any such warranties.

How to Cite

Getting Started Overseas: Eximank Working Capital Financing for Small Business Exporters. (1991). Journal of Small Business Strategy (archive Only), 2(1), 81-85. https://libjournals.mtsu.edu/index.php/jsbs/article/view/234