What Is the Export Working Capital Program?
The Export Working Capital Program (EWCP) is a type of SBA 7(a) loan that’s specifically for businesses that generate sales through exports and require upfront assistance to support these sales.
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The Export Working Capital Program (EWCP) is a type of SBA 7(a) loan that’s specifically for businesses that generate sales through exports and require upfront assistance to support these sales.
The SBA guarantees up to 90% of the loan as a credit enhancement, and the loan maturity is usually for 12 months or less. The maximum loan amount for export working capital is $5 million.
The loan can be used for:
Paying the costs of manufacturing export goods
Buying services or goods for export
Supporting standby letters of credit (SLOCs) that act as bid/performance bonds
Financing foreign accounts receivable
For collateral, the SBA considers the inventory related to exports to be sufficient. It also claims any receivables arising from the export sales that were funded by the loan. Additionally, the SBA needs a personal guarantee from the business owners (any individual with a share of 20% or more).
To learn more about the SBA 7(a) loan program or to get a free quote, simply fill out the form below!
Related Questions
What is the Export Working Capital Program?
The Export Working Capital Program (EWCP) is a loan program offered by the Small Business Administration (SBA) for businesses that need funds for activities related to exports. These loans can be up to $5 million, and the loan maturity is typically 12 months or less.
For more information, please visit this page.
How does the Export Working Capital Program help small businesses?
The Export Working Capital Program (EWCP) helps small businesses by providing them with funds for activities related to exports. These loans can be up to $5 million, and the loan maturity is typically 12 months or less. This loan program is designed to help small businesses with their export activities, such as purchasing inventory, shipping goods, and other related activities.
For more information on the Export Working Capital Program, please visit this page.
What are the eligibility requirements for the Export Working Capital Program?
The eligibility requirements for the Export Working Capital Program (EWCP) are:
- In business for at least 12 months
- The EMC or ETC will take title to the goods or services being exported, and the EMC or ETC has no bank ownership.
The loan amount for the EWCP program is up to $5 million, and the loan maturity is typically 12 months or less.
What types of financing are available through the Export Working Capital Program?
The Export Working Capital Program (EWCP) provides short-term working capital loans to small businesses for activities related to exports. These loans can be up to $5 million, and the loan maturity is typically 12 months or less. The loan can be used for a variety of purposes, including:
- Purchasing inventory
- Paying suppliers
- Covering operating costs
- Funding export-related activities
For more information, please visit this page.
How can I apply for the Export Working Capital Program?
You can apply for the Export Working Capital Program (EWCP) through the Small Business Administration (SBA). To be eligible for the program, you must have been in business for at least 12 months and the Export Management Company (EMC) or Export Trading Company (ETC) must take title to the goods or services being exported, and the EMC or ETC must have no bank ownership.
To apply for the EWCP, you must fill out the SBA Form 1920 and submit it to the SBA. You can find the form here. The loan amount can be up to $5 million, and the loan maturity is typically 12 months or less.