Join us on this episode of Small Biz Florida, where we delve deep into the world of international trade and how small businesses can tap into global opportunities. Broadcasting live from the Florida Association of Government Guaranteed Lenders Conference, our focus is on the critical role this conference plays in providing small business owners with the working capital they need to meet the demands of exporting goods and services to a global market.
We have two distinguished guests with us today who shed light on this important topic. First up is Patrick Hayes, the Export Finance Director East at the U.S. Small Business Administration. Patrick emphasizes the significance of helping small businesses gain access to financing that allows them to take full advantage of international sales opportunities. He discusses the various ways the SBA provides crucial support, including a substantial 90% guaranty on Export Working Capital Lines of Credit, making it easier for businesses to secure the capital needed for international expansion.
Our second guest is Daniel Pische, who serves as Director, of National Trade Finance at SBA Daniel is a seasoned expert in the field and graduated from Northern Illinois University. He is currently based in Washington, D.C., United States, where he brings his extensive experience and insights into trade finance to the forefront. Daniel highlights the pivotal role of working capital in international trade and the importance of providing businesses with the financial resources required to scale their global growth.
During this episode, we explore the benefits of these financing programs, including advances on foreign accounts receivable, inventory financing, standby Letters of Credit (LCs) for export purposes, and foreign purchase order financing. We discuss the flexibility these programs offer, such as not requiring a specific U.S. content percentage, making them accessible to a wide range of businesses.
Tune in to discover how the SBA is working diligently to empower small businesses in conquering global markets. We delve into the need for working capital to fulfill international demand, ensuring that small businesses can thrive on the global stage. This episode is a must-listen for entrepreneurs looking to expand their businesses internationally and make the most of global opportunities. Recorded live at this year’s FLAGGL Small Business Lender’s Conference hosted at The JW Marriott Orlando, Grande Lakes
Learn more about the SBA Office of International Trade
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