7(a)Export Loan Guarantees

 

To aid and assist small-business 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 in bilateral and multilateral negotiations.

General information about this opportunity
Last Known Status
Active
Program Number
59.054
Federal Agency/Office
Small Business Administration
Type(s) of Assistance Offered
F - Guaranteed/Insured Loans
Program Accomplishments
Fiscal Year 2017 Not available
Fiscal Year 2016 Not available
Fiscal Year 2018 Not available
Authorization
Small Business Act, Section 7(a)(16) (15 U.S.C. 636(a)(16)), Public Law 97-35
Who is eligible to apply/benefit from this assistance?
Applicant Eligibility
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.
Beneficiary Eligibility
Small businesses, including those owned by low-income and handicapped individuals located in high unemployment areas.
Credentials/Documentation
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.
What is the process for applying and being award this assistance?
Pre-Application Procedure
Preapplication coordination is not applicable.
Application Procedure
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.
Award Procedure
SBA provides approval notification to participating lender who provides a commitment letter and loan to the applicant.
Deadlines
Not applicable.
Approval/Disapproval Decision Time
From 1 to 10 days from date of receipt of a complete application, depending on type of loan and type of lender program.
Appeals
If re-consideration is requested within 6 months after decline or withdrawal, no new application is required.
Renewals
Additional information available on SBA's website at www.sba.gov.
How are proposals selected?
Not applicable.
How may assistance be used?
To construct, expand, or convert facilities; to purchase building equipment or materials; inventory and for export working capital.
What are the requirements after being awarded this opportunity?
Reporting
Performance Reports: Information available at www.sba.gov.
Auditing
When necessary on a case-by-case basis.
Records
Adequate accounting system.
Other Assistance Considerations
Formula and Matching Requirements
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.
Length and Time Phasing of Assistance
Information available at www.sba.gov. Information is available at www.sba.gov.
Who do I contact about this opportunity?
Regional or Local Office
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.
Headquarters Office
David Vidal
409 3rd St., SW
8th Floor
Washington, DC 20416 US
David.Vidal@sba.gov
Phone: 202-205-7119
Website Address
http://www.sba.gov/oit
Financial Information
Account Identification
73-1154-0-1-376
Obligations
(Guaranteed/Insured Loans) FY 18$0.00; FY 19 est $0.00; FY 20 est $0.00; FY 16 FY 17 est $0.00; -
Range and Average of Financial Assistance
Additional information available on SBA's website at www.sba.gov.
Regulations, Guidelines and Literature
SBA Business Loans from the SBA.
Examples of Funded Projects
Not applicable.

 


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