Description: Provides short-term loans to meet the pre- and post-export financing needs of small businesses.

Eligibility: Small business (250 employees or less) that export goods or services internationally

Eligible Uses:

Working capital financing
Accounts receivable financing
Revolving lines of credit

Where to Apply: MCDC office

Amounts:

Pre-export loans: Up to $350,000 or 50% of total eligible project costs, whichever is less

Post-export loans: Loans not to exceed 85% of the face amount of the contract

Terms/Conditions:

Pre-Export: Up to $350,000 or 50% of total eligible project costs, whichever is less

Post-Export: Up to $350,000 or 85% of eligible project costsInterest rate is 1.5%