Pre-Export Financing to Maximize Your Company's Potential
Your company needs to be able to compete in the international marketplace. Dependable sources of working capital are the key for your financial stability and expansion. Let City National's export financing expertise and resources ensure your company has the funds it needs to keep pace in our increasingly global economy.
Export Working Capital Line of Credit*
City National Bank's Export Working Capital Line of Credit is designed to provide U.S. exporters with the liquidity they need to produce U.S.-originated goods or services for export, accept new business and compete more effectively in the international marketplace.
Export Finance Benefits for Your Business
- Expand project bidding and sales of products and services into new markets worldwide.
- Win offshore contracts where providing financing is a condition of winning a contract.
- Financing for your foreign buyer may be structured as an additional source of working capital for you outside of your standard credit lines.
- Expand core competencies and evolve into a more vertically integrated enterprise.
- Generate larger orders from buyers abroad with stable U.S.-dollar financing.
We Help Increase Your Export Capabilities
If your business has export potential, but you need the funds to buy or produce goods and services, City National is here to help you:
- Receive up to 75% advances to acquire export-related inventory
- Finance export-related work-in-process, raw material and finished goods inventory
- Obtain up to 90% advances for export-related accounts receivable
- Use guaranteed financing on a revolving or transactional basis to:
- Purchase finished products for export
- Pay for raw materials, labor, and overhead to produce goods and services
- Obtain stand-by letters of credit
- Cover retainages and warranties
- Finance foreign receivables
Fast Access to Working Capital
Your business must be able to respond rapidly to opportunity and demand in the global marketplace. With City National you can quickly obtain export working capital due to our local expertise:
- Your application is qualified in-house (with our Delegated Authority status)
- We can commit Export-Import Bank of the United States (a.k.a. Ex-Im Bank) guarantee upon our credit approval (up to $7.5 million)
Help International Buyers Purchase from Your Company
Through the International Buyer Credit Program, creditworthy foreign buyers in emerging markets can secure term financing for the purchase of U.S.-origin capital goods and services. City National lends directly to foreign buyers without any balance sheet impact to the seller (our client).
Loan Backing with Export-Import Bank of the United States
The loans we make through the program are backed by the Export-Import Bank of the United States (a.k.a. Ex-Im Bank) and provide foreign buyers with competitive financing when access to credit or favorable terms are not otherwise available in their home country.
We Help You Win the Deal
If you are negotiating the sale or bidding on a project involving capital goods and services to an emerging-market foreign buyer, City National can help you by financing the purchase transaction for your foreign buyer:
- Foreign buyers may obtain medium- and long-term financing (from 2 to 15 years)
- Most often, no collateral is required from the foreign buyer
- Fixed and floating interest rates are available
- There are no transaction size limitations
- No balance sheet impact to the U.S. exporter
Terms & Financing: What We Offer Foreign Buyers
The Ex-Im Bank's guarantee of City National's loan to the foreign buyer may be available for:
- Up to 85% of the U.S. contract value for capital equipment and services
- Certain banking and legal fees associated with the buyer's credit application
- In some cases, interest capitalization and some local costs associated with the US contract
- Note: Military, defense and nuclear-related items are generally not eligible nor are some sales to military buyers
Our Ex-Im Experts: Seasoned & Green-savvy
City National's export finance specialists are highly experienced in Ex-Im Bank loan programs. Our seasoned experts can provide you comprehensive assistance for all types of international transactions and financing.
In keeping with our commitment and interest in issues related to sustainability and the environment, City National also has unique expertise with environmental and green-energy projects.