As LGBTQ Americans experience growing acceptance across the U.S., businesses are thriving. Yet, many report financial obstacles and similar challenges. EXIM is proud to help members of the LGBTQ community grow their businesses by reaching new customers and markets abroad.
How the MWOB Team Helps the LGBTQ Community
Working with our specialized MWOB team is like having an export finance expert on your payroll. Whether you are an experienced exporter or have yet to begin, our goal is to help you navigate the next step on your journey. We offer:
Financing Solutions for Exporters
While international sales present many opportunities, they can also present challenges for exporters. EXIM endeavors to address the financial hurdles an exporter may encounter.
If safely growing your business is a concern, Export Credit Insurance covers commercial and political risks—up to 95 percent of the sales invoice, for either a single buyer or an entire portfolio of buyers. This allows your company to enter new international markets with confidence, increase sales in existing ones, and even offer competitive open account terms to foreign buyers.
If cashflow is a concern, our Working Capital Guarantee guarantees a lender loan, allowing for the purchase of finished products, raw materials, and equipment as well as cover labor and overhead costs. This credit line may also be used to cover standby letters of credit used as performance or bid bonds.
Finally, if your buyer lacks the credit to commit to a sale, our Loan Guarantee gives lenders the assurance to provide loans to foreign buyers purchasing U.S. capital goods and services.
Matching with Relevant Organizations
If your company isn’t ready to work with EXIM or doesn’t meet our qualifications, we will help connect you to the right resource for you. Our MWOB team has established many long-standing partnerships with organizations that have a minority trade focus. These connections will help us find the best match for your business, whether you need business coaching, market research, help meeting buyers, or more.
Want to see what MWOB can do for your business? Fill out our form to request a meeting with our specialists.