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Exporter Financing

MassDevelopment offers several programs, including loans, guarantees, and export credit insurance, to help companies that export or anticipate exporting their products or services internationally.

100% Export Loan

  • 100% financing for new equipment, leasehold improvements and working capital
  • Loans up to $1,000,000
  • Interest-only payments for the first 12 months
  • Up to 7-year term and amortization

Export Loan Guarantees

  • Loan guarantees on working capital lines of credit and other eligible loans
  • Inventory and foreign accounts receivable accepted as collateral
  • Up to 90% working capital financing available

Export Credit Insurance

  • Insures 90% to 100% of foreign receivables
  • Provides credit terms to international buyers to increase sales

Other international trade resources available to exporters are:

Massachusetts Export Center – The Massachusetts Export Center, part of the Massachusetts Small Business Development Center, provides one-on-one export counseling and technical assistance, export workshops, training programs and conferences, overseas market research, statistics, publications, international marketing activities, and assistance.  Contact the Massachusetts Export Center at 617-973-8664 or visit www.mass.gov/export for more information.

Massachusetts Office of International Trade and Investment – The Massachusetts Office of International Trade & Investment (MOITI) works to expand the Massachusetts economy by marketing the state’s business internationally.  For example, participation through MOITI enables companies to exhibit at international trade shows at a significant cost savings with a number of value-added services not available to companies exhibiting on their own.  Contact MOITI at 617-973-8650 or visit www.mass.gov/moiti for further details.

Case Study – Kentfab Engineering, Inc.

Kentfab Engineering purchased a new WaterJet Table Cutter with the proceeds from a $192,000 loan from MassDevelopment.  The loan was supported by a 70% Export Loan Guarantee, which allowed for 100% financing of the cost of the new equipment.  The cutter will enable the company to bring cutting work in-house, increasing workforce productivity and marketplace competitiveness.

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