Providing business owners access to products, services and information to grow and compete in a dynamic marketplace is at the heart of Visa’s mission. That’s why we are pleased to sponsor this edition of Braddock’s The World is Your Market: Exporting Made Easier for Small Businesses • 2013 Edition. This publication can help you learn about the export process and where to obtain counseling and other assistance.
Ex-Im Bank is focused on helping U.S. small businesses and has a dedicated team to assist them. In fiscal 2011 Ex-Im Bank supported a record $6 billion in small business exports. On average, 87% of transactions benefit small business exporters of U.S.-made goods and services and no transaction is too small.
How Ex-Im Bank Can Assist
Making international sales is challenging enough without worrying about getting paid. Ex-Im Bank’s export credit insurance policy provides payment coverage for both commercial risks (such as buyer default) and political risks (such as war). The Bank protects sales to a single buyer or an entire export portfolio.
The insurance also enables exporters to sell on competitive “open account” terms, instead of requiring cash-in-advance or costly and complicated letters of credit. Businesses will no longer forego sales because they cannot match the credit terms offered by global competitors. Furthermore, insured foreign receivables may be used to increase an exporter’s borrowing base with a lender, thereby accelerating cash flow.
Ex-Im Bank can help U.S. companies obtain vital loans to fulfill export orders. An Ex-Im Bank guaranteed credit line may be used to purchase finished products, pay for raw materials, supplies, labor and overhead, and even cover standby letters of credit used as performance or bid bonds. The Bank’s guarantee turns an exporter’s inventory into eligible collateral for the lender.
Foreign buyers may obtain competitive financing (with extended repayment terms) to buy U.S.-made capital goods and services.
Export Loans – SBA
Financing Your Small Business Exports
Many small businesses think they are too small to compete in the world market. In fact, 97 percent of all exporters are small businesses. The federal government has loans, insurance and grant programs to help you become an exporter or expand your exporting business.
SBA Export Loan Programs
SBA Export Express offers financing up to $500,000. It is the simplest export loan product offered by the SBA and allows participating lenders to use their own forms and procedures. The SBA determines eligibility and provides a loan approval in 36 hours or less.
The Export Working Capital loan provides advances for up to $5 million to fund export transactions from purchase order to collections. This loan has a low guaranty fee and quick processing time.
SBA’s International Trade Loan Program provides small businesses with enhanced export financing options for their export transactions. The ITL is designed to help small businesses enter and expand into international markets and, when adversely affected by import competition, make the investments necessary to better compete. The ITL offers a combination of fixed asset, working capital financing and debt refinancing with the SBA’s maximum guaranty— 90 percent— on the total loan amount.
Other Federal Export Financing Programs
The federal government has several additional loan programs, grant and contract opportunities, and insurance programs for exporters. To find the program that best suits your export needs, visit Business.USA.gov.
The Trade Information Center, 1-800-USA-TRADE, is staffed by international trade specialists who provide information about government export programs; the export process; market research, statistics and trade leads; trade events and activities; public and private export financing; and referrals to federal, state and local resources.
Exporting – SBA
Small businesses looking to increase sales and profit are taking their businesses global. SBA provides counseling, training and financing to support small business export opportunities.
USEACs provide export assistance and counseling for small businesses.
SBA provides a number of loan programs specifically designed to help develop or expand trade and export activities.
A free, customizable tool for small business owners who want to begin exporting.
Learn about SBA’s State Trade and Export Promotion program.
Doing business internationally may seem overwhelming at first. A number of government programs that offer training and financial assistance to small businesses can help.
Check out the winners for SBA and Visa’s “My U.S. Export Story” video contest. These videos tell the stories of small business success in exporting.
Find contact information and key staff at SBA’s Office of International Trade.
Free Online Export Training
Export-U.com is a free export training website operated by the U.S. Export Assistance Center in Atlanta, and the Georgia SBDC International Trade Center. You can register at no cost to view any export training seminars of interest. Our goal is simply to deliver concise and accurate international trade information to help you safely develop export sales, regardless of your location, resources, or time schedule.
Funding support for these export webinars has been generously provided by the U.S. Commercial Service under its Rural Export Initiative, and by the U.S. Small Business Administration through its cooperative agreement with the University Of Georgia and the Georgia SBDC Network.
We hope you find Export-U.com helpful in developing your international business.
Inc., AT&T and the U.S. Small Business Administration bring you video success stories from small business exporters and interviews with expert trade specialists. With 96 percent of the world’s customers living outside the U.S., small businesses that export are realizing increased sales and profit. Why not take your business global?
Learn from small business owners and government experts how exporting can help grow your business
Oklahoma Department of Commerce
FDI & Trade
The Global Division at the Oklahoma Department of Commerce is committed to growing Oklahoma’s economy through international trade and foreign direct investment.
Foreign Direct Investment in Oklahoma
Oklahoma brings you in touch with more than 80 million people within a 500 mile radius and is equidistant between New York City, Los Angeles, Mexico City and Toronto. Oklahoma is ideally positioned to serve not just America, but NAFTA and world markets as well.
- U.S. subsidiaries of global companies play a vital role in Oklahoma’s economy, insourcing 36,800 jobs-an increase of 8.6 percent over six years.
- U.S. subsidiaries write pay checks to nearly 3 percent of Oklahoma’s private-sector workforce.
- More than 40 percent of jobs at U.S. subsidiaries in Oklahoma are in the manufacturing industry-accounting for 15,700 jobs.
- Oklahoma is home to more than 140 FDI companies. Major sources of foreign investment in Oklahoma include: France, Germany, the United Kingdom, Canada, Switzerland, Japan and Mexico.
The Oklahoma Department of Commerce’s Global team offers a range of personalized services to Oklahoma companies seeking to expand their business by trading internationally. These include trade assistance, access to partners, and STEP Fund financing for international marketing.
The Impact of Trade on Oklahoma
- Oklahoma exported more than $6.2 Billion for 2011
- Export-supported jobs linked to manufacturing accounted for an estimated 4.9% of Oklahoma’s total private-sector employment. Nearly one-quarter (22.5%) of all manufacturing workers in Oklahoma depended on exports for their jobs.
- A total of 2,404 companies exported goods from Oklahoma. Of those, 2,044 (85 percent) were small and medium-sized enterprises. Small and medium-sized enterprises generated over one-third (32 percent) of Oklahoma’s total exports of merchandise.
Prepared by the Office of Trade and Industry Information, International Trade Administration, and U.S. Department of Commerce. (2009 data latest available)
This web site is your one-stop-shop for finding the resources you need to help your firm succeed in its international trade initiative.
The U.S. Commercial Service of the U.S. Department of Commerce is a federal government agency dedicated to helping small-to-medium sized companies with their exporting strategies. For over 20 years the U.S. Commercial Service of the U.S. Department of Commerce has successfully brought together exporters and importers of U.S. goods and services around the world. Our team of more than 1,800 trade professionals in 105 U.S. cities and 151 U.S. Embassies, Consulates and Trade Centers around the world is here to help companies navigate the complex international trade process
Our experienced staff of International Trade Specialists located in Oklahoma City and Tulsa are committed to helping your business export.
Our trade experts assist U.S. firms in exporting their products and services by providing comprehensive counseling and advice, through timely and accurate intelligence regarding foreign markets, by identifying qualified international buyers and representatives, by advocating on their behalf, and by providing comprehensive solutions to whatever challenges they may encounter.
For more information on how we can help your company succeed in the global marketplace, please visit our services page. To learn first-hand how we can help your company grow internationally, click on Tell Us About You.
NASBITE and CGBP
The NASBITE CGBP confirms knowledge in international trade and assures that employees are able to practice global business at the professional level required in today’s competitive environment.
Export Business Planner– For Your Small Business
The Export Business Planner is a free, customizable tool for small business owners who are exploring exporting. Using the planner, you can work through the critical processes of export readiness and planning via a ready-made, easily accessible document that can be updated and referenced time and again as your export business grows. If you have a successful product or service you may be able to increase sales and profit by exporting.
(A transcript of the content of this video is also available.)
A downloadable tool to save and customize
- How to determine your export readiness
- Training and counseling information
- Worksheets for global market research
- Financing information and options
- Customizable export and marketing plan templates
How to download
The Export Business Planner is in PDF format. To view, save and print it, you will need the most current version of Adobe Reader, a free download that may be obtained from the Adobe website. Visit the Adobe site to ensure that you are using the latest version, and be sure to read the Adobe Electronic End User License Agreement and any other instructions prior to installing the Adobe Reader on your system. (Note: If you have Adobe Acrobat version 9 or later on your computer, you won’t need the free Reader.)
Once you have Adobe Reader installed on your computer, click on the Export Business Planner link. To save, choose File > Save A Copy.