Credit unions can discover new lending opportunities for their small business exporters in an on-demand NCUA webinar, “Export Financing for Your Small Business Members.”
Participants will hear staff from Export-Import Bank of the United States, who will discuss the Working Capital Loan Guarantee program, which provides a 90% guarantee against loans to exporters and are guaranteed by EXIM to be 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.
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.
Click here to register for the on-demand webinar. The webinar will be available online for approximately three weeks, according to the NCUA.