Financing

Tarmac International, Inc., working together with The Export-Import Bank of the United States (“Ex-Im Bank”), is making available attractive medium-term dollar financing to non-U.S. importers of asphalt plant equipment and related systems made in the United States.

Benefits to you

  • Attractive interest rate
  • Financing extended directly to you without a local bank guarantee
  • Credits without guarantees or collateral
  • Terms of up to seven years or longer to repay the loan
  • Additional financing source eliminates the need for your local bank lines

Eligible Imports

All kinds of equipment (new or used) and services of which the U.S. content is at least 50% of the sales agreement.

Loan Amount

From $350,000 and up

Financed Amount

Up to 85% of the sales contract or 100% of the U.S. content of the equipment and/or services.

Downpayment

At least 15% of the total contract made by the importer to Tarmac International, Inc.

Terms

Up to seven years, and possibly longer.

Repayment

Principal and interest are repaid in semi-annual installments.

Interest Rate

You may choose a variable rate plus a negotiated spread or a fixed rate. The variable rate is based on six-month LIBOR, an international widely published rate.

Ex-Im Bank Risk

It depends on the applicable terms and conditions, and Premium: country risk. For a five-year credit, this one time premium is currently between 1.7% and 5.8%; it may be financed, as well.

Bank Fees

They vary but are always within international standards.

Loan Documentation

A simple agreement with annexes and a promissory note according to Ex-Im Bank requirements.

Required Information to Accompany Your Loan Request

  • Complete Financial information for the last three fiscal years with notes.
    • If the financed amount exceeds U.S. $1 million, the financial statements must be audited and in English.
    • If the fiscal year has ended six months before the loan request, interim financial statements are required.
  • The financed amount should not exceed 40% of the net worth of the company.
  • The company should report profits for the last two years.
  • Bank and trade references.
  • A copy of the purchase order to Tarmac International, Inc. with a description of the equipment to be imported.
  • A brief description of the importation project.