Loan Guarantees & Direct Loans
A major hurdle for many businesses seeking to take advantage of the opportunities offered by expanding foreign markets is access to affordable working capital.
The State of Florida, working in partnership with the federal government and the State’s lending community has lowered this hurdle for small and medium?sized businesses.
FEFC Programs Features
- Loan guarantees for the lesser of 90% of the loan or $500,000, and up to 100% of the cost of goods sold.
- No minimum size.
- May be used to support loans or standby letters of credit.
- Available for pre?export working capital and/or post export receivables financing.
- Maximum term for pre or post?export is 180 days, combination is 360 days.
- Reduced turn?around time for approval.
- Flexible collateral requirements.
- Start?ups are acceptable.