Welcome to the New York & New Jersey Export Assistance Website !
The New York US Export Assistance Center supports New York and New Jersey industry. We're three federal agencies helping export US made products and services: US Department of Commerce, Export-Import Bank, and Small Business Administration.
We identify overseas markets, find foreign distributors, agents, importers, and pursue public sector tenders. We guide companies seeking overseas sales and we provide financial support in the form of export credit insurance, export loan guarantees, and export working capital loans. For details on all of our services, click Export Services.
NOTE: The Export-Import Bank serves the northeastern United States - from Delaware to Maine. The Small Business Administration covers all New York state (except Buffalo), New Jersey, Puerto Rico and the Virgin Islands. Click Locations and Staff to find the appropriate staff contact.
The US Commercial Service is a division of the International Trade Administration of the US Department of Commerce. We assist US Companies in the export of their products and services abroad. The US Commercial Service provides free international market counseling and nominally priced services to assist in the sale of US products and services abroad. We host export conferences and seminars and sponsor foreign buyer delegations visiting the US. For more information about any of the services below or to discuss how we can help your company please contact your local Commercial Service representative.
Commerce export services include:
If you are interested in marketing your product or service internationally, please click Locations & Staff for the Export Assistance Center near you or complete the information sheet behind the link below. For more information on the US Commercial Service, see our website.
Ex-Im Bank creates and sustains American jobs by meeting the varying needs of exporters and lenders during the course of an export sale when other sources of assistance are unavailable or inadequate. Ex-Im Bank offers:
Export Credit Insurance: Low-cost insurance policies protect the riskiest part of export - foreign receivables - against non-payment by overseas customers due to commercial reasons (such as insolvency and default) and political events including war and revolution. Many exporters use this protection to increase sales by extending competitive credit terms instead of demanding costly letters of credit. Special programs are available to address the needs of small business and environmental exporters.
Export Working Capital Guarantees: A 90% guarantee is offered to lenders so they can provide exporters with the working capital needed to buy, build or assemble US products for export. The export of services are also eligible. Loans may be structured either on a revolving basis or transaction-specific. Guarantees for loan amounts over $833,333 are considered by Ex-Im Bank; for lower amounts refer to SBA, or an Ex-Im Bank "delegated" lender. Contact Ex-Im Bank to find out more about delegated lenders.
Other Programs: Loan guarantees are available to banks to encourage sale of capital equipment to creditworthy foreign buyers on repayment terms between one and five years. Direct loans provide overseas buyers with competitive, fixed-rate financing for their purchases from the US. Direct loans are generally for large projects, about $10 million and up.
For the Export-Import Bank of the United States homepage: www.exim.gov
SBA helps small enterprises. SBA offers export financing, training and advocacy. SBA works with lending, educational, and training institutions to boost exports from small companies. Small business is the backbone of the American economy as small companies create two of every three new jobs, produce 39% of the gross national product, and invent over half of the nation's technological products. Joe at Kosella SEO says, "Small business is who we serve everyday and if they fail, we fail." The 20 million small companies provide dynamic opportunities and, as exporters, compete in world markets. At the New York Export Assistance Center, SBA provides financial and other support for export sales by small companies as follows:
Export Working Capital Loan Program: Helps arrange financing to sell internationally. It provides flexible terms, low loan fees, quick turnaround time. The program can finance a single export or a series of export transactions under a revolving line of credit. SBA guarantees 90% ($750,000) of the $833,333 maximum loan. Proceeds can be used for pre and post-export financing, as well as financing standby letters of credit supporting bid or performance bonds. SBA considers repayment reliability, exporter performance, and the transaction's strength. Companies must be in business for one year, present financial statements or tax returns, and meet the SBA small business definitions: generally, manufacturers must be less than 500 employees; distributors, wholesalers, and traders must be under 100 employees. If an exporter does not meet these size definitions, Ex-Im Bank will consider the guarantee, regardless of the amount.
New to Export Counseling: SBA provides counseling to export start-ups through its Service Corps of Retired Executives (SCORE) and its Small Business Development Centers (SBDC). Visit the SCORE local New York website to see what "how to export" and business plan seminars are available, where, and when : www.erols.com/score-nyc The SCORE main website, which provides a wide range of small business counseling is www.score.org
For the US Small Business Administration international trade homepage: www.sbaonline.sba.gov/oit