The Carolina World Trade Association (CWTA) is pleased to invite you to a program on Thursday, January 14, 2021 from 2:00 – 3:00 PM via ZOOM describing three SBA financing programs for businesses that expect to begin exporting or are already exporting. We will also address the particulars of the second round of PPP loans–eligibility and terms.
Most U.S. banks view loans for exporters as risky. This makes it harder to get loans for things like day-to-day operations, advance orders with suppliers, and refinancing existing debts. That’s why the SBA created programs to provide lenders with up to a 90 percent guaranty on export loans. This webinar will present the most updated information on the SBA’s Export Express Loan, Export Working Capital Loan and International Trade Loan program.
Export Express loans can be used for any businesses purposes that will enhance a company’s export development, such as working capital, inventory or equipment purchases to expand operations.
Export Working Capital Program (EWCP) loans give greater flexibility in negotiating export payment terms. These loans are often used for: financing suppliers or inventory, working capital, or financing stand-by letters of credit or down payment guarantees.
International Trade Loans can be used for fixed assets and working capital for businesses that plan to start or continue exporting. The funds can be used to acquire, construct or renovate facilities and equipment used to produce goods and services involved in international trade.
Is your business already in the global market or planning to enter it? Learn more about SBA loans at this CWTA webinar!
SBA Export Business Planner
The SBA also has a downloadable Export Business Planner that will help you:
- Determine your export readiness.
- Provide worksheets for global market research.
- Explore financing information and options.
- Get customizable Export Business Plan and Marketing Plan templates.
- Find helpful resources and more.
RESOURCES
To learn more about International Trade in the state, view the most recent North Carolina International Trade Report here.
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Daniel W. Holt
International Finance Specialist
U.S. Small Business Administration |
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Dan Holt was born and spent his early life in Wilmington, North Carolina. Dan received his B A. degree from The Citadel in Charleston, S.C. After serving as an officer in the US Army Corp of Engineers in Europe, Dan returned to civilian life and managed a major retail operation. After a second stint in the military Dan became employed in financial services and banking.
Dan joined the Small Business Administration in the early 1980s as part of the Disaster Farm Loan servicing operation. Dan was promoted to the Commercial Loan Division and became the Senior Lender for the North Carolina District Office.
In the late ’90s, the SBA realized the need for small business to have access to capital to be able to compete in the global markets.
Dan was selected for the position of International Finance Specialist for North and South Carolina and has worked for the past several years as a partner with the U.S. Foreign Commercial Service and the Export-Import Bank to expand the potential of small business in the Carolinas.
Contact Dan at the SBA’s Office of International Trade in Charlotte, NC at 704-333-2130 directly or 704-763-7667 cell or Daniel.Holt@sba.gov.
We sincerely appreciate your interest in Carolina World Trade Association events and invite any and all feedback from those in attendance as well as any suggestions for conduct of meetings or topics of interest for the international trade business community!
Sincerely,
John Galles
Carolina World Trade Association (CWTA)
john.galles@cwta.org
704-576-0477
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