FOR IMMEDIATE RELEASE
October 26, 2012
Contact: William Grassano
OCC, Ex-Im Bank, and SBA Co-Sponsor Webinar on How Community Banks Can Finance Small Business Exporters
WASHINGTON — The Office of the Comptroller of the Currency, in cooperation with the Export Import Bank (Ex-Im Bank) of the United States and the U.S. Small Business Administration (SBA) will host a free live Webinar from 2:00 to 3:15 p.m. (Eastern) on November 1, 2012.
The Webinar will focus on how community banks can use the federally guaranteed loan programs of the Ex-Im Bank and the SBA to finance small business exporters.
The National Export Initiative aims to help U.S. firms expand the sales of their goods and services abroad. The intent of the initiative is to boost exports, resulting in domestic job growth. Ex-Im Bank and SBA loan guarantee programs provide lenders a 90 percent government guarantee of repayment in the case of default and are an important tool to help community banks expand lending to small business exporters.
The programs discussed in this Webinar will include the Ex-Im Bank’s Working Capital Guarantee Program and Express Insurance, as well as financing for indirect exports. The SBA will review its Export Working Capital Program and Export Express. Details of these programs, including eligibility requirements, loan terms, uses of capital, and common mistakes, will all be covered.
Registration is required. To register, go to: www3.gotomeeting.com/register/190827894.
Once registered, you will receive an e-mail containing the Webinar log-in information.
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