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Important Note: U.S. Government Stimulus Funds
All direct deposit funds, including Federal stimulus payments, are deposited once a day in the overnight hours. If deposited, funds are credited by 6 a.m. local time. If the payment does not appear in your account at 6 a.m., please check back the following day. You can find the most up-to-date information on your Economic Impact Payment at IRS.gov.
These government-sponsored credit support programs can help extend your reach with capital to begin exporting or even expand your sales internationally.
EXIM Bank Working Capital Guarantee Program
Exporters often need access to working capital to begin exporting or expand internationally. As an EXIM Bank (Export-Import Bank of the United States) designated Delegated Authority lender, California Bank & Trust can approve working capital guarantee loans[cite::56::cite] to help you fulfill your export orders of goods or services. We have been recognized for Excellence in EXIM Bank Lending and have a Delegated Authority limit of $10mm and have Fast Track Lending status up to $25mm. EXIM Bank provides a 90% guarantee on working capital loans made by lenders.
EXIM Bank’s pre-export working capital financing is suitable for manufacturers, wholesalers and distributors. Our experienced International Trade Finance specialists can help qualify your loan and get it approved internally.
Use of Proceeds:
EXIM Bank Medium Term Loan Guarantee Program
The medium-term loan program provides your foreign buyers of U.S. capital goods and services with extended credit terms. The Ex-Im Bank assists foreign buyers by guaranteeing term loans made through commercial lenders such as California Bank & Trust.
Benefits to U.S. Exporters:
Benefits to Foreign Buyers: