Authorizations and exposure

• Covers exporters from nonpayment of overseas receivables from a foreign buyer
• Cover:
• Single-buyer policies: Up to 90%
• Multi-buyer policies: Up to 95% for standard exports; up to 98% for certain consumables and commodities
• Commercial and political risks
• Credit terms:
• Up to 180 days for non-capital goods, components, raw materials, spare parts, and most services
• Up to 360 days for capital goods and bulk agricultural commodities
• A monthly report of shipments is required
• Sub-products:
• Single-buyer: For seasoned exporters covering receivables from a single buyer either for a single sale or recurring sales to a single buyer
• Standard multi-buyer: For experienced exporters covering receivables from multiple buyers
• Small business multi-buyer: For experienced small business exporters with less than USD 7,500,000 in export credit sales
• Multi-buyer Express: For small businesses with export sales less than USD 7,500,000, up to ten foreign buyers, and less than 5 years of export credit experience
• Eligibility:
• Small business exporters: If each product (good or service) or the aggregate of all products of all invoices within a transaction are shipped from the U.S. and have more than 50% U.S. content based on both direct and indirect costs, then EXIM may cover the entire sales price; if the U.S. content of each product or the aggregate of all products of all invoices within a transaction is 50% or less, EXIM may only support the value of the U.S. content
• Larger exporters (not a small business): If each item (good or service) in a single invoice is shipped from and produced or originated in the United States and has more than 50% U.S. content based on only direct costs, then EXIM may cover the entire sales price; if the U.S. content of the item in a single invoice is 50% or less, the item is ineligible for EXIM support
• For non-project finance, 3-year revenue history, proven debt capacity, loan not disproportionate to size of the company
• Fees:
• Premium rates apply depending on export credit sales experience and size of business, if it meets the SBA small business definition
• A deductible may apply depending on the exporter’s risk portfolio and experience
• Premiums to be paid at time of shipment
• Policy issuance fee of USD 500 for Express, Small Business Multi-buyer, and Standard Multi-buyer, and minimum of USD 500 for Single-Buyer

• Used by U.S. suppliers to obtain working capital loans from commercial lenders
• Maximum financing size determined by the level of U.S. content; no minimum financing amount
• Export-related receivables can have sales terms of up to 180 days
• Collateralized by export-related accounts receivable and inventory (including insured receivables)
• Guarantee coverage limit: 90%
• May be transaction-specific or revolving
• Eligibility:
• Guarantee for multiple or individual export contracts
• Small business exporters: If each product or the aggregate of all products of all invoices within a transaction are shipped from the U.S. and have more than 50% U.S. content based on both direct and indirect costs, then EXIM may cover the entire sales price; if the U.S. content of each product or the aggregate of all products of all invoices within a transaction is 50% or less, EXIM may only support the value of the U.S. content
• Larger exporters (not a small business): If each item (either a good or service) in a single invoice is shipped from and produced or originated in the United States and has more than 50% U.S. content based on only direct costs, then EXIM may cover the entire sales price; if the U.S. content of the item in a single invoice is 50% or less, the item is ineligible for EXIM support
• Fees:
• Application processing fee: USD 100
• Upfront facility fee for loans up to 6 months: 0.875% of facility amount
• Upfront facility fee for loans up to 1 year: 1.75% of facility amount, and for exporters meeting certain criteria, the fee may be as low as 1.25%
• Interest rate and other fees are charged by the commercial lender

• Insures accounts receivable of suppliers to U.S. exporters
• Maximum financing size determined by the level of U.S. content
• Tenor: Up to 180 days
• Collateralized by export-related accounts receivable and inventory
• Eligible supplier: A company domiciled in the United States that is identified by an eligible exporter as a supplier that has entered into one or more supply contracts for the supply of eligible goods for export; eligible suppliers may be added at any time during the approval or renewal terms
• Eligibility:
• U.S.-domiciled exporter that exports U.S. goods and/or services and adds value to the export, such as assembling the inputs into a finished product
• Exporter certification required and should indicate that goods and services are eligible, include a list of goods and services produced and exported, and a list of U.S.-based suppliers that provide inputs to the exported goods and services
• Lender must have an existing electronic supply chain finance platform to process the transactions that is subject to EXIM due diligence and approval

• Medium- and long-term guarantees and direct loans Provides financing for buyers of U.S. exports1
• Credit may be based on buyer-credit risk (corporate finance), country-credit risk when a sovereign guarantee is provided (sovereign finance), or otherwise enhanced (structured and project finance)
• Financing modalities:
• Direct loans
• Guarantee and/or insurance of bank loans
• Guarantee of capital market bonds
• Credit terms:
• Medium-term: Between 1 to 5 years (up to 7 years in exceptional cases)
• Long-term and project finance: As per the OECD Arrangement
• Maximum financing size determined by the level of U.S. content
• Eligibility:
• EXIM will support the lower of (1) 85% of the net U.S. contract price (i.e., U.S. content plus foreign content shipped from the United States) or (2) 100% of the U.S. content (Note: All exports must ship from the United States in order to be eligible)
• EXIM can support up to 50% of the net U.S. contract price in local costs
• For project finance, interest during construction may be financed
• Fees:
• Exposure fee: Risk premium which may be paid in cash or capitalized
• Commitment fee: 0.125% for guarantees; 0.5% for direct loans
• Additional sub-products:
• Finance lease guarantees for finance leases
• Inventory loan guarantees for foreign distributors of US-made goods
• Engineering multiplier program

• Make More in America Initiative: Medium- and long-term loans, loan guarantees, and insurance are made available by US EXIM for export-oriented domestic manufacturing projects
• Open to all sectors, with financing priority available to environmentally beneficial projects, small businesses, and transformational export area transactions, including semiconductors, biotech and biomedical products, renewable energy, and energy storage
• Amount: Based on the number of U.S. jobs supported, both during construction and over the life of EXIM’s financing (USD 189,242 per job-year)
• Eligibility:
• Export nexus (the percentage of production or shipments tied to exports) should be at least 15% for SMEs and women- and minority owned firms, and 25% for others

• The China and Transformational Exports Program (CTEP):
• Applies to the following sectors: AI, biotech, biomedical, wireless communications, quantum computing, renewable energy, storage and efficiency, semiconductors, fintech, water treatment and sanitation, high performance computing.
• Fees are reduced.
• Extended repayment tenors.
• EXIM’s full financing support is available for transactions with at least 51% U.S. content.
• Transactions with less than 51% U.S. content must meet other criteria.

• Military exports are not financed
• Exceptions are non-lethal, dual-use exports where the primary user is civilian, and items used primarily for anti-narcotics purposes (requires a presidential waiver)

• Short- and medium-term credit standards are available online

• Cover (guarantees or insurance only) may be provided in foreign currencies, including most hard currencies and some soft currencies, such as the MXN, BRL, and ZAR

• EXIM has bilateral co-financing/reinsurance agreements with ECAs worldwide, including UKEF, EDC, SACE, JBIC, NEXI, Atradius, Euler Hermes, Bpifrance, ASHR’A, and others

• Carbon policy for high carbon-intensity projects

• Economic impact assesses how EXIM financing may affect U.S. industry

• Environmental and social due diligence

• Foreign corrupt practices act and anti-bribery measures

• Nuclear exports must comply with the U.S. Nuclear Regulatory Commission and the Atomic Energy Act

• Used equipment may be financed in some situations

• For financings larger than USD 20 million or with repayment periods over seven years, all seaborne exports are required to ship in U.S.-flagged vessels

• In certain circumstances EXIM may allow for disbursements for pre-export payments for goods and services.

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