If you’re a small manufacturer, here’s how to work with the SBA for your trade needs.
Are you export ready?
Nearly 96% of consumers live outside the U.S., and two-thirds of the world’s purchasing power is in foreign countries. SBA is positioned to help manufacturers grow and open new international markets. Regardless of where you are in your export journey, SBA’s team of export specialists can work with you to assess your export readiness and connect you with federal, state, and local resource partners who can help you go global.
How to expand your export efforts
Have you begun to receive interest for your products outside the United States? Are the requested sales terms longer than you are used to offering?
Having access to working capital is a critical first step in expanding your export efforts. It allows a manufacturer to navigate the extended sales cycles associated with international orders. SBA’s team of Export Finance Managers can help you structure a working capital loan to help drive growth domestically and abroad.
SBA has the following resources available to small manufacturers looking to export:
- Export finance programs: SBA has additional loan products with increased guarantees to assist in exporting.
- State Trade Expansion Programs (STEP): STEP provides financial awards to state and territory governments to help you with exporting your products.
- Counseling assistance: SBA has a network of federal, state, and local resources available to help small manufacturers open new markets for their goods and services.