7(a)Export Loan Guarantees
Active
- Assistance listing
- 59.054
- Grant awards
- Not on record
Program facts
- Treasury account
-
- 73-1154-0-1-376
- More information
Program details come from SAM.gov Assistance Listings. Updated .
About this program
The Small Business Administration (SBA) provides loan guarantees under the 7(a) Export Loan Guarantees program (CFDA 59.054) to enhance small businesses' ability to compete in international markets and facilitate technology transfers. The program operates through participating lenders who submit applications electronically to the SBA; the SBA provides approval notification and commitment within 1 to 10 days of receiving a complete application, depending on loan and lender type. Eligible applicants are small businesses that are independently owned and operated, not dominant in their field, and meet SBA size standards. If an application is declined or withdrawn, reconsideration requests submitted within 6 months do not require resubmission of a new application.
The source provided contains no portfolio data on award volume, funding concentration, typical award magnitudes, or recent grant award examples. The source also contains no information on currently open grant opportunities, recent application due dates, or historical award activity. Additional program details are available on the SBA website at www.sba.gov. A business development professional evaluating pursuit under this program should consult the SBA's official program materials to assess current activity levels, recent award patterns, and any open solicitations.
Objective and description
- Objective
Provides aid and assistance to small-businesses to increase their ability to compete in international markets by enhancing their ability to export; facilitating technology transfers; enhancing their ability to complete effectively and efficiently ag
Eligibility
- Applicant eligibility
A small business is eligible, which is independently owned and operated and not dominant in its field. They also need to meet the SBA size standards.
- Beneficiary eligibility
Small businesses, including those owned by low-income and handicapped individuals located in high unemployment areas.
- Credentials and documentation
Statement of personal history, personal financial statement, company financial statements, summary of collateral and a resume. Loan must be of such sound value or so secured as to reasonably assure repayment.
- Uses of assistance
To construct, expand, or convert facilities; to purchase building equipment or materials; inventory and for export working capital.
- Length and time phasing of assistance
Information available at www.sba.gov.
How to apply
- Application procedure
Applications for guarantees are submitted by the participating lender to SBA electronically.
- Award procedure
SBA provides approval notification to participating lender who provides a commitment letter and loan to the applicant.
- Time to approval or disapproval
From 1 to 10 days from date of receipt of a complete application, depending on type of loan and type of lender program.
- Renewals
Additional information available on SBA's website at www.sba.gov.
- Appeals
If re-consideration is requested within 6 months after decline or withdrawal, no new application is required.
Quick answers
What is Assistance Listing 59.054?
Assistance Listing 59.054 is 7(a)Export Loan Guarantees, a federal grant program run by Small Business Administration.
What is the CFDA number for 7(a)Export Loan Guarantees?
Its CFDA number is 59.054: Assistance Listing numbers were called CFDA numbers before 2018.
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