Export Finance Programs
In 2010, New Hampshire companies exported nearly $4 billion in products and services, making it a record year. The Granite State is number one among the states in rate of export growth, and we're well above the national rate of 21.31%. Approximately 2,200 companies in the state are involved in exporting, the majority of which are small or medium-sized businesses (referred to as SMEs) with fewer than 500 employees. SMEs generate approximately half of New Hampshire's total exports of merchandise; this is the sixth highest share among the states and well above the national average of 30%.
Export finance programs are key to enabling many of these companies to export to world markets. The International Trade Resource Center (ITRC) offers a unique service through its Export Finance Program. ITRC's office serves as a local representative for the Export-Import Bank of the United States (Ex-Im Bank) and as an intermediary for the U.S. Small Business Administrations (SBA) Export Working Capital Program. In addition to these agencies, ITRC assists companies interested in international finance programs offered by other organizations. For more information, contact ITRC at 603-271-8444
SBA has placed a priority on helping these small business exporters by providing a number of loan programs specifically designed to help them develop or expand their export activities. These programs include the
- Export Express Loan Program provides streamlined financing up to $500,000. It iss the simplest export loan product offered by the SBA and allows participating lenders to use their own forms, procedures and analyses.
- Export Working Capital Program (EWCP) provides provides lenders with up to a 90% guaranty on export loans as a credit enhancement, so that the lenders will make the necessary export working capital available.
- International Trade Loan Program provides term loans to businesses that plan to start or continue exporting, or that have been adversely affected by competition from imports.
- SBA and Ex-Im Bank Co-Guarantee Program is designed to provide small business exporters the ability to obtain larger export working capital loans through the Export Working Capital Program than SBA can support alone.
For more information on SBA's programs, visit the NH SBA's website.