External
Financing
As part
of our Corporate Finance services, we have established a department
devoted to providing direct financing through the U.S. small
and medium-sized exporter support program with funds guaranteed
by the Export-Import Bank of the United States (Ex-Im Bank),
or through other domestic or foreign banks. Ex-Im Bank is
an agency of the U.S. government which historically (for the
past 20 years) has destined, at the request of the U.S. Congress,
10% of its total financing capital to small and medium-sized
exporters.
As
of last year, the U.S. Congress has issued an obligation
that indicates that at least 20% of the total funds available
for financing should be provided to small and medium-sized
exporters. These credits can be negotiated for Mexican buyers
approved by Ex Im Bank in terms of 1 to 5 years to purchase
capital assets (machinery and equipment, furniture, hi-tech
equipment, ecological equipment, raw materials, etc.).
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Advantages
• Financing amounts that start a $250,000.00
dollars and do not require a property guarantee.
Preferential interest rates (Libor plus 4 points,
depending on each client's negotiation).
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Almost immediate resolution for available funds,
only for 100% American machinery, equipment, some
products and raw materials.
•
Convenient payment terms; payments can be every
two months or depending on inventory turns, case-specific.
•
These credits can be negotiated for Mexican buyers
approved by Ex Im Bank in terms of 1 to 5 years
to purchase capital assets (machinery and equipment,
furniture, hi-tech equipment, ecological equipment,
raw materials, etc.).
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Our
services in this area include a complete package
to support Mexican importers to get financing for
capital assets (ONE-STOP SHOP). Our "ONE-STOP
SHOP" services are:
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Introductory presentation for Ex-Im Bank's financing
process to find the best alternative for the project.
(How to do it and what to buy).
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Preliminary financial assessment, by analyzing Financial
Statements and other legal information of the company.
Preparing the information, given the circumstances,
with the parameters required by Ex-Im Bank for approval.
(expert opinion on financial statements)
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Assessment of results on the above point.
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Preparing all the necessary documentation to apply
at Ex-Im Bank.
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Processing the financing application at Ex-Im Bank.
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Locating equipment in the United States, and contacting
the asset exporter.
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Providing the exporter with a fund commitment certificate
by Ex-Im Bank to finance the export, which will allow
us to inform the Mexican importer (our client) that
the funds are available for purchase.
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Responding to each of the concerns or questions of
Ex-Im Bank officials.
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Following-up loan documentation and the closing of
the negotiation between the U.S. and Mexico.
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Logistics advice to transfer purchased capital assets
from their place of origin in the United States to
their final destination in Mexico.
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Foreign Trade advice to design the best and least
expensive payment scheme to cover import taxes and
customs duties, and to select the applicable customs
regime, if possible.
•
Legal and financial advice before, during and after
the financing process.
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