8.19.16 Growing Exports Session 2
Session 2: Friday, August 19th: 8:00am - noon
Foreign Exchange
This part of the course will cover the basics of invoicing in Foreign Exchange (FX):
- The effects of a strong USD
- FX Rates basics
- Spot vs. forward rates
- Mitigating FX exposure
- Invoicing in the local currency
Small Business Administration (SBA)
During this part of the course, Bryson Patterson, Export Finance Specialist with the SBA will share information about SBA Export Loans:
- SBA - intro to the loan guarantee, how it works
- Revolving Lines of Credit
- Transaction Based
- Asset Based
- Term Loans for Exporters
Export-Import Bank of the United States (EXIM)
Export-Import Bank of the United States (EXIM) is the official credit agency of the U.S. government. Their mission is to support American businesses in reaching their full global potential. To do so, they offer financial tools that allow businesses like yours to reach the 95% of the world's customers who live outside the U.S., and to meet their demand with less risk.
During this part of the course, a representative will explain how EXIM support can equip you to:
- Protect against foreign buyer nonpayment
- Access working capital for export sales
- Extend credit (i.e., win more sales by providing open account terms)
- Support performance and bid bonds with lower collateral requirements
- Gain the confidence needed to enter new countries, add new buyers, and increase sales
Thank you to First National Bank for sponsoring this series!
Thank you to partners who made this series possible:
