The Export Working Capital Program was developed in response to the needs of exporters seeking short-term working capital. The SBA guarantees 75 percent of the principal and interest, up to $750,000 (80 percent on loans of $100,000 or less). The EWCP uses a one-page application form and streamlined documentation, and turn-around is usually within 10 days. You may also apply for a letter of prequalification from the SBA.

You may have other current SBA guarantees, as long as the SBA's exposure does not exceed $750,000 for all of your loans. When an EWCP loan is combined with an international trade loan, the SBA's exposure can go up to $1.25 million.

Terms, Interest Rates and Fees

Typically, EWCP loan maturities either match a single transaction cycle or support a line of credit, generally with a term of 12 months. Unlike other 7(a) programs, interest rates and fees are negotiated between you and your lender. The SBA charges the lender a nominal guaranty fee, which may be passed on to you.