7(a)Export Loan Guarantees

 

Provides aid and assistance to small-businesses to increase their ability to compete in international markets by enhancing their ability to export; facilitating technology transfers; enhancing their ability to complete effectively and efficiently against imports; increasing the access of small businesses to long-term capital for the purchase of new plant and equipment used in the production of goods and services involved in international trade; disseminate information concerning, State, Federal, and private programs and initiatives to enhance the ability of small businesses to compete in international Markets and ensure that the interests of small businesses are adequately represented.

Active 59.054 Small Business Administration F - Guaranteed/Insured Loans Not applicable. Small Business Act, Section 7(a)(16) (15 U.S.C. 636(a)(16)), Public Law 97-35 A small business is eligible, which is independently owned and operated and not dominant in its field. They also need to meet the SBA size standards. Small businesses, including those owned by low-income and handicapped individuals located in high unemployment areas. Statement of personal history, personal financial statement, company financial statements, summary of collateral and a resume. Loan must be of such sound value or so secured as to reasonably assure repayment. Preapplication coordination is not applicable. 2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. Applications for guarantees are submitted by the participating lender to SBA electronically. SBA provides approval notification to participating lender who provides a commitment letter and loan to the applicant. Not applicable. From 1 to 10 days from date of receipt of a complete application, depending on type of loan and type of lender program. If re-consideration is requested within 6 months after decline or withdrawal, no new application is required. Additional information available on SBA's website at www.sba.gov. Not applicable. To construct, expand, or convert facilities; to purchase building equipment or materials; inventory and for export working capital. Performance Reports: Information available at www.sba.gov. When necessary on a case-by-case basis. Annual independent financial audit. Statutory formula is not applicable to this assistance listing.

Matching requirements are not applicable to this assistance listing.

MOE requirements are not applicable to this assistance listing. Information available at www.sba.gov. Information is available at www.sba.gov. For reference to the U.S. Export Assistance Centers, see Service Centers in Appendix IV of the Catalog of Federal Domestic Assistance under Small Business Administration. Ginger Allen
409 3rd St., SW
8th Floor
Washington, DC 20416 US
Ginger.Allen@sba.gov
Phone: 202-205-7110 http://www.sba.gov/oit 73-1154-0-1-376 (Guaranteed/Insured Loans) FY 22$0.00; FY 23 est $0.00; FY 24 est $0.00; FY 21$0.00; FY 20$0.00; FY 19$0.00; FY 18$0.00; FY 16 FY 17 est $0.00; - Additional information available on SBA's website at www.sba.gov. Not applicable. Not applicable.