Export Assist can help the exporter obtain
the working capital that best meets its exporting objectives, including
improved cash flow, cost reductions and tax savings.
Internal Cash Flow Planning
Because Export Assist is experienced and
knowledgeable about the full range of export financing programs
available to the exporter, we can easily assist you in choosing
the most beneficial one based upon your internal cash flow needs.
Export working capital can be obtained in a variety of ways.
One of the most common is the export credit programs offered by:
- Export-Import Bank of the U.S. who joined with the Small Business
Administration to offer the Export Working Capital Program (EWCP)
- Foreign Credit Insurance Association (FCIA)
- Agency for International Development (AID)
- Overseas Private Investment Corporations (OPIC)
- Commodity Credit Corporation (CCC).
International agencies, such as the World
Bank, and regional development banks are also potential sources
of working capital, as are private sources of export credit, such
as regional banks, U.S. branches of foreign banks, factoring companies,
trade finance companies, leasing companies, forfait houses, export
trading companies and private insurers.
Export Assist can advise you regarding
how to choose the best payment terms, taking into consideration
the trade-off between cost, risk and marketing as well as local
country and industry practices; and, the most effective financing
techniques, including discounting receivables, factoring, banker’s
acceptances, bank lines of credit, countertrade, leasing and forfaiting.
In addition, we help you benefit from export
financing vehicles, such as the Interest
Charge Domestic Sales Corporation (IC-DISC) and the U.S.
Virgin Islands Export Corporation (VIEXCO). These entities
not only facilitate export financing, they can also simplify and
reduce costs on other export-related activities, including invoicing,
marketing, warehousing and tax management.