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It also guarantees export loans that commercial banks may make.
But some analysts now doubt the White House will offer more than $1 billion in export loan guarantees.
American banks lent money to the Soviet Union under a $1 billion export loan guarantee last year.
But the bank, which has the authority to grant export loans to American companies, has asserted its right to decide the matter independently.
Such agencies might also assist in the provision of finance by issuing guarantees to banks which provide export loans.
Total foreign affairs funding, which includes items like Pentagon military aid and export loans, stays stable but loses ground to inflation.
Learn about changes to SBA's export loan program and upcoming webinars.
Although the U.S is unwilling to pay its debt to the United Nations it is quite willing to write off arms exports loans.
It is the simplest export loan product offered by the SBA and allows participating lenders to use their own forms, procedures and analyses.
While Iraq does not receive direct American military or economic assistance, the bill would halt all United States Government-backed commodity credits and other export loan guarantees.
SBA provides lenders with up to a 90% guaranty on export loans as a credit enhancement, so that the lenders will make the necessary export working capital available.
No Government Export Loans The Government has yet to make any loans to finance exports to the republics and has only three commercial officers for all of them.
That's curious; the U.S. has recently provided $3.5 billion in food export loan guarantees to Iraq, which is spending heavily to perfect its nuclear-tipped Islamic ICBM.
Last month, Romania became the first country to tap into a $15 billion defense export loan guarantee fund, created by Congress in 1995 at the urging of executives like Mr. Augustine.
"The Jobs Act strengthened SBA's ability to provide assistance in both those areas by enhancing our export loan programs and also making counseling and technical assistance more accessible.
But applying for Government export loans would cost more than the loans are worth because Trident is too small to have a full-time staff dedicated to such tasks, Mr. Udesen said.
While Boeing may be working to sell commercial jets to China, it also cares about Government export loan programs, which would help its McDonnell Douglas subsidiary sell armaments abroad.
SBA helps small business exporters through three different export loan programs: Export Express, Export Working Capital Loan and International Trade Loan.
But these same measures are given minimal application, which has tragic consequences for the indebted countries, but which benefits the creditors themselves in terms of export loans, financial bodies and multinationals, for example.
A Canadian company won the contract to build the Nacovari control unit, a plant to convert the emissions to sulfuric acid, financed by a $41 million export loan from the Canadian Government.
By contrast, the German and Italian Governments have been pouring billions of dollars in export loans into the region, and Germany plans to open six commercial offices there by the end of the year.
The SBA delivers its export loan program through a network of SBA Senior International Credit Officers located in U.S. Export Assistance Centers throughout the country.
The post-1989 sanctions barring American government export loans and restricting exports of arms and certain high-technology items, such as satellites and advanced computers, definitely rankle Chinese pride and they also impede the high-priority quest for superior technology.
Since most banks in the U.S. do not lend against export orders, export receivables or letters of credit, SBA provides lenders guaranties of up to 90 percent on export loans to ensure that qualified exporters do not lose viable export sales due to a lack of working capital.