EXIM BANK

The EXIM Bank (Export-Import Bank) is the official export credit agency of the United States with subsidized financing by the U.S. Federal government. These credit transactions in amounts over a million dollars are carried out through local banks in the U.S. In this case, there are U.S. banks whose offices have expressed to us interest in holding conversations with a view to enter into transactions of this kind.

The terms of the Plan include financing in dollars with real interest rates below market rates, set at the U.S. Commercial Interest Reference Rate (CIRR).

Applications for credit normally take about two months and require submitting the typical supporting documentation needed for credit transactions of this kind.

In order to be eligible for this financing plan, Exporters or Companies:

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Must be located in the United States

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Must have at least a one-year operating history.

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Must have a positive net worth.

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Must ship their products from the United States.

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Products must have at least 50% U.S. content. If less than 50%, the EXIM Bank can only support the export up to the percent of the U.S. content.

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Services must be performed by U.S. based personnel.