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EWCP - Is it a Boon to Exporters?
EWCP means export working capital program. It is a loans program that is backed up by the U.S. Small Business Administration (SBA). EWC like online credit card programs, allows small business
to borrow substantial amount of money to finance the export of both labor and materials of the company. The export working capital can also be used as payment guarantee or performance bond even in credit card application forms. The SBA and the U.S. Export Assistance Center are the public offices that handle EWCP loan applications.
The main purpose of EWCP is to help all small business in the United State that are interested on investing both first time homes and resources in the export industry. The export working capital availed by eligible business can be used to: Most small businesses do not have big capitals to finance or even develop export leads. To be sarcastic, you can even find umemployment insurance in job scarce areas or obtain credit card online with poor credit score but small businesses can’t find reliable clients. And even if they were able to find clients, they don't have the capability to close the deal mostly due financial constraints. read more... News Articles
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