Markets Wired

EXIM’s Loan Guarantee Program Can Create New Opportunities

ALEXANDRIA, Va. (July 28, 2020) – Credit unions can discover new lending opportunities for their small business exporters through a webinar hosted by the National Credit Union Administration and the Export-Import Bank of the United States.

The webinar, “Export Financing for Your Small Business Members,” is scheduled for August 19, beginning at 2 p.m. Eastern. Online registration is now open (opens new window). Participants will use this same link to log into the webinar and should allow pop-ups from this website. There is no charge to participate.

“Our partnership with the Export-Import Bank opens new opportunities for credit unions to support their local businesses and communities,” Chairman Rodney E. Hood said. “Helping small businesses gain access to capital is essential, especially with today’s uncertainty. I encourage credit unions to participate in this webinar and learn how they can leverage these programs to support their small business member exporters.”

Staff from EXIM will discuss the Working Capital Loan Guarantee program, which provides a 90 percent guarantee against loans to exporters. Loans guaranteed by EXIM are exempt from the member business lending cap. EXIM staff will also discuss export credit insurance, which protects U.S. exporters against payment risk from their foreign customers.

Participants may submit questions in advance at WebinarQuestions@ncua.gov. The email’s subject line should read, “Export Financing for Your Small Business Members.” Technical questions about accessing the webinar should be emailed to audience.support@on24.com.

This webinar will be closed captioned and then archived online approximately three weeks following the live event.

The NCUA and the EXIM Bank signed a Memorandum of Understanding on June 9 that launched a three-year collaboration to bring credit unions and small businesses together and raise awareness about the EXIM’s programs.