How a U.S. Exporter Can Convert an International Sale into a Domestic Sale

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New small business specialty lender ExWorks Capital has offices in Washington, DC and my hometown Chicago, Illinois, with a focus on export finance and they are expanding rapidly.  Take a look:

• Hired the former Vice Chairman and COO of ExIm Bank in late 2013.
• Approved as an ExIm Bank lender with “high” delegated authority level status.
• Raised $82.3 million in equity and with leverage essentially have capacity to be a $500-$1 billion export lending platform focused on small to medium sized enterprises.
• Acquired California-based, World Trade Finance, one of the largest users of the SBA's Export Working Capital Program.

Why is this news relevant to SMEs?

• ExWorks expands trade financing solutions to underserved U.S. exporters and the international buyers with unique product offerings such as its ability to act as a trading company.
• ExWorks can convert an international sale from a small U.S. exporter into a domestic sale. This outsourcing of export risk makes it easier for small businesses to participate in the global economy, where 95% of the consumers live.

How will SMEs benefit?

• Able to outsource export sale, or provide a working capital (P.O. financing or asset-based lines of credit) through the U.S. Ex-Im Bank or through SBA programs depending on the best fit for the exporter.
• ExWorks is also offering loans to qualified international buyers of small businesses.

Where can SMEs go for further information?

Visit the ExWorks Capital website: http://www.exworkscapital.com/press-releases/