Export - Loan Guarantee/insured Loans (31.007)

Program

31.007 Export - Loan Guarantee/insured Loans

Federal Agency

Agency: Export - Import Bank of the United States

Authorization

The Export-Import Bank Act of 1945, as amended, 12 U.S.C. 635 et seq.

Program Number

31.007

Last Known Status

Active

Objectives

The Export-Import Bank of the United States (Ex-Im Bank or the Bank) is an independent executive agency and a wholly-owned U.S. government corporation. Ex-Im Bank is the official export-credit agency of the United States. Its mission is to support U.S. exports by providing export financing through its loan, guarantee and insurance programs in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters. By facilitating the financing of U.S. exports, Ex-Im Bank helps companies create and maintain U.S. jobs.

Types of Assistance

Direct Loans; Guaranteed/Insured Loans

Uses and Use Restrictions

To finance the export of goods and services made in the United States for the purpose of maintaining and creating U.S. jobs. Goods must comply with applicable �U.S. content� restrictions. Military or defense items are generally not eligible nor are sales to military buyers. There is no minimum transaction size. Support may not be available in certain countries. Support also may be unavailable for projects that are likely to cause substantial injury to U.S. industry or that would result in the production of substantially the same product that is the subject of specified trade measures.

Eligibility Requirements

Applicant Eligibility

None

Beneficiary Eligibility

None

Credentials/Documentation

Applicants and borrowers who are the direct beneficiaries of Ex-Im Bank Programs and must meet the applicant eligibility requirements, including but not limited to those relating to credit worthiness, financial history, economic feasibility of project, and operating history. Documents must evidence reasonable assurance of repayment. This program is excluded from coverage under OMB Circular No. A-87.

Application and Award Process

Preapplication Coordination

Preapplication coordination is not applicable. Environmental impact information is not required for this program. This program is excluded from coverage under E.O. 12372.

Application Procedure

This program is excluded from coverage under OMB Circular No. A-102. This program is excluded from coverage under OMB Circular No. A-110. Applications, including all necessary attachments, are to be mailed to Export-Import Bank of the United States, 811 Vermont Ave. NW, Washington, D.C. 20571. Applications for short-term and medium-term policies may be submitted electronically through Ex-Im On-line at www.exim.gov.

Applicant is notified by authorization letter from Ex-Im Bank and/or the participating bank.

Award Procedure

Depending on the size and/or nature of the transactions, approvals are granted by Ex-Im Bank staff, the Bank�s Credit Committee, or the Bank�s Board of Directors.

Deadlines

Not Applicable.

Range of Approval/Disapproval Time

Range of Approval/Disapproval time is variable, depending on status and complexity of the transaction.

Appeals

Not Applicable.

Renewals

Renewals and extensions of awards are possible.

Assistance Considerations

Formula and Matching Requirements

This program has no statutory formula.

This program has no matching requirements.

MOE requirements are not applicable to this program.

Length and Time Phasing of Assistance

Variable, depending on characteristics of the Transaction. Generally, working capital loans and short term insurance are approved for a one-year period. Loans and guarantees extended under the medium-term loan program typically have repayment terms of one to seven years, while loans and guarantees extended under the long-term loan program usually have repayment terms in excess of seven years. See the following for information on how assistance is awarded/released: Applications are generally processed with a view towards accommodating the time frame of each and every applicant.

Post Assistance Requirements

Reports

Audits

No audits are required for this program.

Records

Accounting records and other transaction documentation and information must be available during term of financing and beyond.

Program Accomplishments

Fiscal Year 2008: Ex-Im Bank authorized $14.4 billion in loans, guarantees and export-credit insurance, which will support an estimated $19.6 billion of U.S. exports to markets worldwide.
Ex-Im Bank approved 2,704 authorizations in support of U.S. export sales in FY 2008.
Ex-Im Bank authorized $3.2 billion (22.2 percent of total authorizations) in direct support of U.S. small businesses as primary exporters. Ex-Im Bank approved 2,328 transactions that were made available for the direct benefit of small-business exporters, representing 86 percent of the total number of transactions. Fiscal Year 2009: No Current Data Available Fiscal Year 2010: No Current Data Available

Financial Information

Account Identification

83-0100-0-1-155.

Obligations

(Guaranteed/Insured Loans) FY 08 $14,398,900,000; FY 09 est $17,500,000,000; FY 10 est $16,100,000,000

Range and Average of Financial Assistance

There is no minimum or maximum transaction size. Representative range is $25,000 to $500,000,000.

Regulations, Guidelines and Literature

Information is available at the Bank's web site: http://www.exim.gov.

Related Programs

Not Applicable.

Information Contacts

Regional or Local Office

See Regional Agency Offices. Northeast and Mid-Atlantic Regions
New York, NY
Tel: (212) 809-2650
Fax: (212) 809-2687
Southeast Regional Office
Miami, FL
Tel: (305) 526-7436
Fax: (305) 526-7435
Midwest Regional Office
Chicago, IL
Tel: (312) 353-8081
Fax: (312) 353-8098
Southwest Regional Office
Houston, TX
Tel: (281) 721-0465
Fax: (281) 679-0156
Western Regional Office
Orange County, CA
Tel: (949) 660-1341
Fax: (949) 660-9553
San Diego, CA branch
Tel: (619) 557-7091
Fax: (619) 557-6176
San Francisco, CA branch
Tel: (415) 705-2285
Fax: (415) 705-1156.

Headquarters Office

Trade Advisor 811 Vermont Ave, NW, Washington, District of Columbia 20571 Phone: 1-800-565-3946, option 2

Web Site Address

http://www.exim.gov

Examples of Funded Projects

Fiscal Year 2008: Past approvals have been made in over 135 countries for various types of products including, but not limited to: medical, environmental, construction, computers, software, engineering and consulting services, transportation, packaging, laboratory, and power generation. Fiscal Year 2009: No Current Data Available Fiscal Year 2010: No Current Data Available

Criteria for Selecting Proposals

Goods and services financed must meet Ex-Im Bank U.S. content requirements. Ex-Im Bank must find a reasonable assurance of repayment. For more information, see Uses and Restrictions and Eligibility Requirements.