Posted On: 09/20/2016 1:33:27 PM
Post# of 22940
From Muse email response:
"There are different process for different programs, However for the two types of programs TPAC has requested, Standard you get an letter of Interest and you have 6 month and one rollover period to process your loan application.
TPAC has about 3 months for this one, when it processes it loan application, that is considered something entirely different.
So really EX IM first…. approves you to apply for a loan. This loan value is 55 million
Second program: TPAC also applied for the China sovereign Loan Guarantee Program, this is directed to Chinese business. China backs any USA bank loan that meets Ex IM Bank criteria. This loan value is 85 million. This program required TPAC to show that it can export, at or above the value of the loan amount. This is why EIA was created
So in closing either program TPAC meets the qualification to go thru that actual loan process. As far as when you actually get the funds if approved 30 to 45 days."
"There are different process for different programs, However for the two types of programs TPAC has requested, Standard you get an letter of Interest and you have 6 month and one rollover period to process your loan application.
TPAC has about 3 months for this one, when it processes it loan application, that is considered something entirely different.
So really EX IM first…. approves you to apply for a loan. This loan value is 55 million
Second program: TPAC also applied for the China sovereign Loan Guarantee Program, this is directed to Chinese business. China backs any USA bank loan that meets Ex IM Bank criteria. This loan value is 85 million. This program required TPAC to show that it can export, at or above the value of the loan amount. This is why EIA was created
So in closing either program TPAC meets the qualification to go thru that actual loan process. As far as when you actually get the funds if approved 30 to 45 days."
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