|NBAC industry expertise|
Export finance is an integral part of international business planning. If the U.S. government resources are properly utilized, a company could significantly increase sales, extend credit to international buyers, and obtain working capital.
Therefore, accountability, internal control, proper financial reporting and tax compliance are some of the most critical financial responsibilities of companies with ambition to grow their business worldwide.
Small Business Administration (SBA), Ex-Im Bank, United States Trade & Development Agency are only some of the U.S. government agencies that could be detrimental to business expansion internationally. Ex-Im Bank, for example, supports purchases of U.S. capital goods and related services by guaranteeing or insuring loans to international buyers. In some cases, they also provide direct loans to buyers. Ex-Im Bank will support up to 85% of the contract amount (depending upon U.S. content) after a cash payment of at least 15%.