EX-IM loan in the bag IMO Visit your nearest EXI
Post# of 22940
Posted On: 10/01/2016 12:02:11 PM
EX-IM loan in the bag IMO
Visit your nearest EXIM Bank office for a free consultation with an Export-Import Bank Trade Finance Manager. They'll explain our Medium-Term and Long-Term Guarantees and help you with the application process.
Final Commitment (AP): If the contract between the exporter and buyer has been awarded, either the lender or the international borrower may submit the guarantee application. Commercial lenders are often more familiar with the application process, which generally expedites their transactions. If the contract has been awarded and there is a lender ready to finance the transaction with EXIM Bank's support, a final commitment (AP) application may be submitted to EXIM Bank.
Letter of Interest (LI): If the contract has not been awarded, then a lender, an exporter or an international borrower may request a nonbinding letter of interest (LI) containing EXIM Bank terms for the specific transaction. The LI is processed within seven working days, is valid for six months, and can be renewed.
Preliminary Commitment (PC): In certain cases, EXIM Bank will accept an application for a preliminary commitment (PC). A PC is a commitment from EXIM Bank that the borrower's needs, as outlined in the application, generally meet EXIM Bank's financing requirements.
Visit your nearest EXIM Bank office for a free consultation with an Export-Import Bank Trade Finance Manager. They'll explain our Medium-Term and Long-Term Guarantees and help you with the application process.
Final Commitment (AP): If the contract between the exporter and buyer has been awarded, either the lender or the international borrower may submit the guarantee application. Commercial lenders are often more familiar with the application process, which generally expedites their transactions. If the contract has been awarded and there is a lender ready to finance the transaction with EXIM Bank's support, a final commitment (AP) application may be submitted to EXIM Bank.
Letter of Interest (LI): If the contract has not been awarded, then a lender, an exporter or an international borrower may request a nonbinding letter of interest (LI) containing EXIM Bank terms for the specific transaction. The LI is processed within seven working days, is valid for six months, and can be renewed.
Preliminary Commitment (PC): In certain cases, EXIM Bank will accept an application for a preliminary commitment (PC). A PC is a commitment from EXIM Bank that the borrower's needs, as outlined in the application, generally meet EXIM Bank's financing requirements.
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