Oct 31 2019

SBA Seeks Public Input on Potential Changes to SBA’s Export Loan Programs

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Office of International Trade  - October 2019

u s small business administration

SBA Seeks Public Input on Potential Changes to SBA’s Export Loan Programs

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Seeking Comments by November 18, 2019

WASHINGTON – The U.S. Small Business Administration published an Advanced Notice of Proposed Rulemaking (ANPRM) that seeks comments on potential changes to the regulations governing its Export Loan Programs.  SBA’s Export Loan Programs provide access to capital for U.S. small business concerns to support expansion into international markets and the growth of U.S. small business exports. SBA is soliciting comments on how the Agency can improve the products, procedures, forms, and reporting requirements of the Export Loan Programs.

Feedback will be used to modernize the Export Loan Programs, increase lender participation and usage, ensure that U.S. small businesses can finance their international sales, and increase U.S. small business exports. The SBA is seeking public comments on the ANPRM by November 18, 2019.  

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USMCA Agreement will better serve interests of American workers

Exports are a central part of America’s economic growth under President Donald Trump. With 96% of all consumers living outside our country, two-thirds of the world’s purchasing power is also located outside of our nation. It’s incumbent on small businesses and entrepreneurs to focus their attention on the value of trade and the benefits of exporting.

Under the president’s leadership, the U.S. has reached an agreement with Mexico and Canada in renegotiating the North American Free Trade Agreement. The United States-Mexico-Canada Agreement is a mutually beneficial win for American businesses, farmers, ranchers and workers. When finalized and implemented, the agreement will expand Americans’ access to Canadian and Mexican markets, enabling greater global competitiveness.

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International trade helps small business growth

Our economy continues to grow, and to maintain the momentum, international markets and the potential they provide for America’s businesses must be included. Why? Because 95% of the world’s consumers live outside the U.S. and trade represents nearly 58% of the world’s $80 trillion economy. These markets abroad can be fundamental for a company’s growth strategy, and President Trump is intent on making it easier for businesses of all sizes to access them.

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SBA Publishes List of Participating Export Lenders

Having trouble securing capital to meet your small business exporting needs?  You can use SBA's international trade finance programs to cover short-term or long-term costs which are necessary to sell goods or service abroad.  Contact one our participating export lenders to find out more.

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New Videos help you find Global Tariffs/Taxes and HS Code.

Check out the International Trade Administration's (ITA) new video series, Exporting Skills. It's designed to help you master the international sales process.

Did you know you have free access to the Customs Info Database through Export.gov. Watch the tutorial to make the most of this service.  

You'll need your HS Code to look up tariffs. Do you fully understand the power of HS Codes? ITA's new video, Understanding Your Product's HS Code, explains it to you.

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Upcoming Events

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U.S.-Côte d'Ivoire: Prosper Africa Business Development Forum, Philadelphia

The U.S. Small Business Administration and the Côte d’Ivoire Economic Promotion Office will host the first Prosper Africa Business Development Forum in Philadelphia with event partner The African and Caribbean Business Council of Greater Philadelphia (ACBC).

To deepen regional trading relationships, Côte d’Ivoire Economic Promotion Service will lead a delegation of businesses to Philadelphia. The delegation seeks American business partners for work in sectors including: Health Care, Agriculture, Manufacturing, Education, Energy, and building the country’s Infrastructure. In addition, there is the opportunity for U.S. companies to compete for projects funded by Millennium Challenge Corporation, USAID and other U.S. Government Agencies.

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Mid Atlantic Trade Summit

Mid-America Trade Summit

Nov 6-7, 2019  •  Columbia, MO

The 2019 Mid-America Trade Summit provides a unique opportunity to bring together top exporters, global trade leaders and trade assistance providers from across Mid-America. This fast-paced, high-touch format of the Mid-America Trade Summit provides exporters, trade assistance providers, and educators with direct access to high-level networking and shared-learning opportunities that can be used to guide export expansion. This will be a premiere regional event for companies that are focused on advancing trade and business growth.

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