South Florida is poised for record trade in 2013, thanks largely to solid growth in Latin America, the area’s top trade partner.
In the first 10 months last year, South Florida’s trade with international markets reached $102.6 billion, up by $9.4 billion from a year earlier.
For U.S. small businesses looking to dramatically boost their sales, exporting to international markets is far and away the best strategy to consider.
And the great news is that there are many U.S. government resources available to assist with financing your small business exports.
I’ve listed the 5 best loan and grant providers that aid small businesses in securing assistance for export operations.
Offers loan guaranty programs that enable the small business exporter to obtain working capital to finance pre- and post-shipment needs, increase global competitiveness, enhance their ability to export a product or service, and financing for the acquisition of long-term fixed assets.
Assists in financing the export of U.S. goods and services to international markets. Ex-Im Bank does not compete with private sector lenders but provides export financing products that fill gaps in trade financing. This is the official export credit agency of the U.S.
Improves foreign market access for U.S. products, builds new markets and improves the competitive position of U.S. agriculture in the global marketplace.
Helps U.S. businesses invest overseas, fosters economic development in new and emerging markets, and complements the private sector in managing the risks associated with foreign direct investment.
Funds various forms of technical assistance, investment analysis, training, reverse trade missions and business workshops that support the development of a modern infrastructure and a fair and open trading environment.
To help you along, I’ve also included the quick export financing guide from the National Export Initiative below: