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


  • Toni Lester Babson College


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.


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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.