Export - Loan Guarantee/Insured Loans
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.
General information about this opportunity
Last Known Status
Export - Import Bank of The United States
Type(s) of Assistance Offered
E - Direct Loans; F - Guaranteed/Insured Loans
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.
The Export-Import Bank Act of 1945, as amended, 12 U.S.C. 635 et seq.
Who is eligible to apply/benefit from this assistance?
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.
What is the process for applying and being award this assistance?
Preapplication coordination is not applicable.
2 CFR 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards applies to this program. 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.
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.
Approval/Disapproval Decision Time
Range of Approval/Disapproval time is variable, depending on status and complexity of the transaction
Renewals and extensions of awards are possible.
How are proposals selected?
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.
How may assistance be used?
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.
What are the requirements after being awarded this opportunity?
Accounting records and other transaction documentation and information must be available during term of financing and beyond.
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
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. Applications are generally processed with a view towards accommodating the time frame of each and every applicant.
Who do I contact about this opportunity?
Regional or Local Office
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
811 Vermont Ave, NW
Washington, DC 20571 USPhone:
1-800-565-3946, option 2
(Guaranteed/Insured Loans) FY 10 est $16,100,000,000.00; FY 09 est $17,500,000,000.00; FY 08$14,398,900,000.00;
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.
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.