Factors that Restrict Exports of Small and Medium-sized Firms: The role of Export Financing
The purpose of this study, based on a survey of 354 Florida companies, was to assess factors that limit exports, with particular focus on the different types of export financing that were the most difficult to obtain and the most used . Statistical analysis was used to determine the significance of responses given by different sized firms. Four of the top five factors that limited the ability to export were related either to the lack of available information on export opportunities or the unavailability of export financing . Foreign buyer credit and various unsecured loans were the most difficult to obtain , while commercial letters of credit were the most used . Public and private sector policymakers need to reevaluate their own export promotion programs and make the changes necessary to eliminate the various obstacles to exporting .
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