Through the International Trade Loan program, the export financing offers a loan of up to $5 million for fixed assets and working capital for businesses that are starting, continuing, or expanding international exporting business ventures.
Regarding this, can you get an SBA loan for an international business?
SBA International Trade Loans (ITLs) are a form of SBA-guaranteed export financing available for businesses who are involved in producing goods in the U.S. that will be involved in international trade, or to support businesses that have been negatively affected by international trade in recent years.
Similarly one may ask, what is an international trade loan?
International Trade Loans provide small businesses export financing options that help them enter the international export market and, in the face of adverse import competition, make investments to compete overseas. This support is not limited to new export businesses.
What is an ITL loan?
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. Maximum Loan Amount. • $5,000,000 in total financing.