Since its founding, the United States has been built on the principles of diversity, immigration, and welcoming all people. EXIM is proud to continue that legacy by offering minority business owners the financing programs and connections they need to reach new customers and markets abroad.
How the MWOB Team Helps Minority Communities
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:
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.
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.
Is your business not minority-owned? You may still qualify to work with MWOB!
Our MWOB team supports a variety of underserved exporters.
INSIGHT INTERVIEW:
Focus on Your Strengths
When Angie Yu heard about ecological debate around the Asian carp, she quickly realized that demand for the fish existed in Asia. See how she used that knowledge to reach more than $2 million in export sales.
