EXIM Bank Provided Services
The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent, self-sustaining Executive Branch agency with a mission of supporting American jobs by facilitating the export of U.S. goods and services.
When private sector lenders are unable or unwilling to provide financing, EXIM fills in the gap for American businesses by equipping them with the financing tools necessary to compete for global sales. In doing so, the Bank levels the playing field for U.S. goods and services going up against foreign competition in overseas markets, so that American companies can create more good-paying American jobs.
Because it is backed by the full faith and credit of the United States, EXIM assumes credit and country risks that the private sector is unable or unwilling to accept. The Bank’s charter requires that all transactions it authorizes demonstrate a reasonable assurance of repayment; the Bank consistently maintains a low default rate, and closely monitors credit and other risks in its portfolio.
EXIM provides trade financing solutions – including export credit insurance, working capital guarantees, and guarantees of commercial loans to foreign buyers – to empower exporters of U.S. goods and services.
The EXIM Bank is a demand-driven institution that empowers U.S. exporters to increase their sales abroad and support quality jobs at home. When American businesses are unable to access private export financing, EXIM fills the gaps by equipping them with the tools necessary to compete for global sales. In doing so, the Bank levels the playing field for U.S. exporters facing stiff foreign competition in overseas markets. No transaction is too small for EXIM.
While most of EXIM Bank website is devoted to U.S. Exporters, you can also find dedicated pages here for brokers, lenders, congressional and government stakeholders, U.S. product importers, trade and city partners, media, and current customers.
Am I Eligible to Work with EXIM Bank?
Before getting started it’s important to know the basic requirements for working with EXIM Bank. While it’s always a good idea to call EXIM Bank with any questions about its policies, generally your business will need to meet the following criteria:
- Been in business for at least three years
- At least one person working in the firm full time
- Has a positive net worth
- Exports U.S. made products and/or services provided by U.S. workers
- Has a Dun & Bradstreet Number
What EXIM Bank Does and Doesn’t Do
- Support trade transactions of U.S.-made goods and services
- Provide export credit insurance for short-term and medium-term sales on secured or open account payment terms
- FOR EXPORTERS:
- Multi-Buyer policies
- Single-Buyer policies
- Policies for small businesses and environmental exporters
- FOR LENDERS:
- Supporting letters of credit
- Supporting foreign buyer credits
- FOR EXPORTERS:
- Provide Pre-export working capital:
- Direct loans to qualified small businesses
- Loan guarantees to lenders
- Provide foreign buyer loan guarantees to lenders for medium-term financing
- Co-financing with other Export Credit Agencies
- Supply chain financing support
- Structured trade and project finance transactions
- Support military or defense-related sales
- Provide grants
- Support the import of goods and services
- Support Start-ups sales
- Support crude oil sales
- Direct investment
- Personal loans
- Financing for the purchase of land
- Finance exports to restricted countries (Check the Country Limitation Schedule for more detail)