International Trade Loans

SBA Program Office

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Export Financing The SBA International Trade Loan program is a term loan designed for businesses that plan to start/continue exporting or those that that have been adversely affected by competition from imports.  The proceeds of the loan must enable the borrower to be in a better position to compete. Key Benefits The International Trade Loan Program offers borrowers an increased maximum outstanding SBA guaranteed portion of  $1.75 Million instead of the $1.5 Million for regular SBA borrowers. How to Apply  Interested businesses should apply through a participating SBA lender. Eligible Businesses Small businesses that are in a position to expand existing export markets/develop new export markets or small businesses that have been adversely affected by international trade and can demonstrate that the Loan proceeds will improve their competitive position are eligible for International Trade Loans. Loan Amount The maximum gross amount ($2 million) and SBA-guaranteed amount ($1.5 million) for an International Trade loan is the same as a regular 7(a) loan.  However, there is an exception to the maximum SBA 7(a) guaranty amount to one borrower. When there is an International Trade loan and a separate working capital loan, the maximum SBA guaranty on the combined loans can be up to $1.75 Million as long as the SBA guaranty on the working capital loan does not exceed $1,250,000. Interest Rate  The SBA does not establish or subsidize interest rates on loans.  Interest rates are negotiated between the borrower and the lender, subject to SBA caps. Rates can either be fixed or variable, and are tied to the prime rate as published in The Wall Street Journal.  For loans greater than $50,000 and maturity in excess of 7 years, lenders may charge up to 2.75 percent over prime rate. Collateral International Trade Loans are required to be secured by a first lien position or first mortgage on the property or equipment financed by the loan.  Additional collateral (to the extent it is available) may be accepted to ensure that the loan is fully collateralized.  The requirement for a first security interest on the property or equipment financed is a mandatory condition of the International Trade loan. Use of Proceeds International Trade loand funds may be used for the acquisition, construction, renovation, modernization, improvement or expansion of long-term fixed assets or the refinancing of an existing loan used for these same purposes.  There can be no working capital as part of an IT loan or as part of any refinancing. Loan Maturity and SBA Fee The maturity of an International Trade Loan is usually 10 to 15 years for machinery and equipment (not to exceed the useful life of the equipment), and up to 25 years for real estate.  The SBA guaranty fee is between 2% and 3.75%, depending on the size of the loan. Contact us  SBA staff can help in weighing financing options and risk mitigation, plus advise on SBA loan products and application procedures.  Contact your local U.S. Export Assistance Center to learn more about the benefits of the International Trade Loan and whether your business might qualify for International Trade Loan financing.

			apply now   before you start Now that you're starting to apply you should be aware of certainterms and conditions that apply. what do I need to apply? your residential address for the last 3 years your bank/building society details your monthly incomings and outgoings employer's name and address Nectar card number (if you have one)   apply online Get an instant decision apply by phone call 0800 096 0541* quote SBWEB  Lines are open: 8am - 10pm Monday to Friday,  8.30am - 6pm Saturday & 9.30am - 5.30pm Sunday will my details be secure?  Rest assured, every online loans application is protected by 128-bit encryption software. In order to process your completed application form, we will carry out credit reference or other enquiries in accordance with our lending procedures and once you are approved we will then send you a completed application form through the post in order to obtain your signature. A copy of our terms and conditions  will also be enclosed for you to keep, however it is important that you read these before proceeding. To apply for our personal loans you must: be over 18 have a bank/building society account have a permanent UK address have not been declined for credit in the last month not have a history of bad credit like arrears, county court judgements (CCJ's), default or bankruptcy By completing and submitting this application you agree to the above and confirm that all the information provided by you is true and complete and that you are at least 18 years of age. We also recommend that you don't apply for more than three quarters of your gross annual salary and that you can afford the repayments you apply for. Sainsbury's Bank plc, Registered Office, 33 Holborn, London EC1N 2HT (registered in England, no. 3279730) is authorised and regulated by the Financial Services Authority (FSA). #Funds are transferred after our receipt of signed loan documentation and can take up to three days to clear from date of transfer. If you choose the optional courier service an additional amount of up to £70 will be payable 1 month before your first payment. Delivery may take longer for weekend application or in outlying areas.     * Telephone calls may be recorded for security purposes and monitored under our quality control procedures top		Find out more Payment protection Benefits Loan calculator

Sainsbury's Finance is a trading name of Sainsbury's Bank plc. Sainsbury's Bank, registered office 33 Holborn London EC1N 2HT
(registered in England no. 3279730) is authorised and regulated by the Financial Services Authority.

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