Training Available to Help Eastern U.S. Firms Increase Foreign Sales and U.S. Jobs, Lenders Expand Trade Finance Business
WASHINGTON, D.C. - Companies in the eastern United States can learn how to increase export sales and jobs and minimize risk, and banks can learn how to work with the Export-Import Bank of the U.S. (Ex-Im Bank) in financing those exports, at an Exporter/Lender Seminar March 7-8, 2005 at Ex-Im Bank headquarters in Washington, D.C. Following this event, a half-day training seminar will be held March 9, 2005 at Ex-Im Bank headquarters for commercial lenders wanting to become Delegated Authority Lenders under Ex-Im Bank's Working Capital Guarantee Program.
| EVENT: | Ex-Im Bank Exporter/Lender Seminar | |
| WHEN: | Monday-Tuesday, March 7-8, 8:30 a.m. - 4:30 p.m. | |
| WHERE: | Ex-Im Bank headquarters | |
| COST: | $499 ($449 for small businesses) | |
| TO REGISTER: | Log on to www.exim.gov and click on the seminars link, call (202) 565-3912 or fax an application to (202) 565-3723 |
Participants in the March 7-8 seminar will learn how to: obtain working capital loans to fill foreign sales orders, offer competitive credit terms to foreign buyers with limited risks, handle disbursement and legal issues of financing foreign buyers, protect against buyer nonpayment, develop project finance capabilities, enter new and risky markets while increasing sales, and access special financing products for environmental, minority and women-owned, and rural businesses. Case studies and classroom discussions will facilitate attendees' understanding of the many dynamic trade products and services available.
Delegated Authority Training - March 9, 8:45 a.m. to 12:00 p.m.
Lenders taking the March 9 training will be granted delegated authority status, enabling them to approve working capital loans guaranteed by Ex-Im Bank without prior approval from Ex-Im Bank, expediting exporters' access to capital. There are more than 200 Ex-Im Bank Delegated Authority Lenders nationwide.
Additional Ex-Im Bank Exporter/Lender Seminars will be held at Ex-Im Bank headquarters on May 9-10 and July 11-12.
Ex-Im Bank this year marks its 71st year of helping finance the sale of U.S. exports, primarily to emerging markets throughout the world, by providing loan guarantees, export credit insurance, and direct loans. In fiscal year 2004, Ex-Im Bank, an independent federal agency, authorized financing to support approximately $17.8 billion in U.S. exports worldwide, a 25% jump from a year earlier.