Financing Your International Project
Tarmac International, Inc. is working together with The Export-Import Bank of the United States (“EXIM Bank”). By providing a loan guarantee to an American-based commercial lender, EXIM can unlock financing otherwise unavailable to a foreign buyer seeking to purchase U.S. products. Medium and long-term loan guarantees are suitable for large scale projects involving the export of the high-value capital equipment or services which Tarmac International, Inc. offers.
Please see the EXIM website for the most up to date information available because information is often changing.
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
All kinds of equipment (new or used) and services of which the U.S. content is at least 50% of the sales agreement.
From $350,000 and up
Up to 85% of the sales contract or 100% of the U.S. content of the equipment and/or services.
At least 15% of the total contract made by the importer to Tarmac International, Inc.
Up to seven years, and possibly longer.
Customers repay principal and interest in semi-annual installments.
You may choose a variable rate plus a negotiated spread or a fixed rate. The variable rate is based on six-month LIBOR, which is an international widely published rate.
EXIM 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.
They vary but are always within international standards.
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 requested equipment.
- A brief description of the importation project.