Structured Finance
Eligible Borrowers
1.
(Export of Goods and Services)
The most common loans for the small and middle business are $1 up to $10.MIO Medium-Term Credits.
Borrower or guarantor must conform to certain stan- dards for creditworthiness which include, but not limited to, the following financial criteria:
It should have been in the same general line of business at least 3 years.
If the borrower is a newly es- tablished company, we can still arrange
financing so long as there is a creditworthy guarantor who meets the historical and financial criteria
otherwise required of borrowers. These criteria are detailed below.
It must be able to provide financial statements for last 3 years.
Positive profit from operations (operating income) and net income
(total revenue) in each of last 2 years.
Positive cash flows from operations in the last
fiscal year.
The principal of the loan does not exceed 40% of borrower's
equity at the end of last fiscal year.*
EBITIDA2 to Debt Service (DS) is at least:
EBITIDA / DS = 1.5 for the last fiscal year.
Total liabilities (excluding the discussed debt) do not
exceed 1.75 equities at the end of the last fiscal year.
Down payment of 15% - 20% of the total price of contracts for
purchase goods or services, shipping, etc. should be made by Borrower to
the producer or Government Export Agency or Servicing
Bank. (This requirement could be reduced from time to
time to e.g. 5% by sponsorship involvement or local bank credit loan.)
Print out these requirements and read ______________
*
This is the only criteria related to loan amounts up to $10.MIO.
1
These requirements refer to a borrower / investor
applying for loan to Export Credit Agency.
2
Earning Before Interest, Taxes, Depreciation & Amortization, EBITDA
Other non-financial criteria are also required to the borrowers or
guarantors such as audit statement, etc.
them every time when you need them
