Structured Finance
Eligible Borrowers
1.
(Export of Goods and Services)
The most common loans for the small and middle business are
:up to $10 M medium-term credits
Borrower or guarantor must conform to certain standards 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 established 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.
It is generally required that the said statements are to be audited
and that auditor's option be unqualified. Unaudited statements might
be accepted if the loan amount is less than $1M.
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 produ-cer 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 M.
1
These requirements refer to a borrower / investor
loan application for 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
