May is World Trade Month

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Michigan District Office

u s small business administration
World Trade Month

 

Explore Global Markets with Help from the SBA

 

May is a perfect month to make your move as it happens to be World Trade Month, which celebrates companies that sell goods and services  worldwide, and highlights expanded opportunities trade can bring to companies of all shapes and sizes. 

As the world's largest economy and the largest exporter and importer of goods and services, trade is critical to America's prosperity. Leading the way are small and medium-sized U.S. businesses that account for nearly 98 percent of the roughly 300,000 companies that export. Exporting provides opportunities to reach new markets, increase sales, maintain global competitiveness, and create jobs.

The U.S. Small Business Administration is an important partner providing essential resources to assist small business’s reach to the global marketplace. The 'SBA's export loan programs assist U.S. small businesses in accessing the financing needed to sell their goods and services to global customers.  Last year, the SBA supported over $600 million in trade finance loans to small businesses, supporting over $2.5 billion in international sales.  

The 'SBA's State Trade Expansion Program (STEP) provides financial assistance to small businesses through awards to state governments.  STEP has supported small business activities in 146 countries, with the top 10 countries being Canada, Germany, Japan, Mexico, China, France, Australia, Korea, UAE, and Great Britain.  Also, SBA's 21 Export Finance Managers nationwide work closely with the U.S. Commercial Service and the U.S. Export-Import Bank to provide potential and existing exporters with a unified approach to export expansion.

The global market presents limitless opportunities.  During World Trade Month, reach out to the SBA and ' explore the ways that reaching global customers can help you grow your business. But remember, even after the month concludes, the SBA will still be here with our partners, ready to support  small businesses looking to expand their business endeavors through trade…because every month is world trade month at the SBA.

 



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All SBA programs and services are extended to the public on a nondiscriminatory basis. This article does not constitute or imply an endorsement by SBA of any opinions, products, or services of any private individual or entity.