A brief overview of how state and local export financing programs can assist exporters. This information is taken from "A Basic Guide to Exporting" provided by the U.S. Commercial Service to assist U.S. companies in exporting.
Last Published: 10/20/2016
Exploring State and Local Export Finance Programs

Several cities and states have funded and operate export financing programs, including preshipment and post-shipment working capital loans and guarantees, accounts receivable financing, and export insurance. To be eligible for these programs, an export sale must generally be made under a letter of credit or with credit insurance coverage. A certain percentage of state or local content may also be required. However, some programs may require only that certain facilities, such as a state or local port, be used.

Although not an export finance program, matching grants from SBA’s State Trade and Export Promotion (STEP) Program may be available in your state. Grants may be used, for example, to participate in international trade events.

To explore these and other options for financing, contact your local U.S. Commercial Service office or your state’s economic development agency.