Export Nebraska News and Resources

Nebraska District Office 

Export News and Resources

September 2021

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TRADE NEWS


Consider Exporting as Part of Your COVID Recovery Plan

Image for International Trade: Map of the world with lines connecting other countries, indicating trade and exporting

The pandemic has rocked the world for most small businesses. Most small business are (or should be!) determining what their “new normal” looks like and how they should react.  As part of this reassessment, companies may want to consider making exporting a part of their plan. International Trade can have many benefits for some small businesses including:

  • Drastically expand the company’s potential customer base as only 4% of the world’s population lives in the US
  • Diversify the business’s dependence on a single economy

The pandemic has caused many challenges for exporting as well, such as shipping delays and business closures in the near-term. But as businesses rethink their futures, it might be a good time to explore exporting as part of the recovery and growth plan.  Venturing into the world of international trade can cause a lot of anxiety.  But there is plenty of help available.  Look into the resources here to help minimize your risk and ease the trepidation.


Additional Resource For Rural Businesses

Photo of a rural main street with the following text, rural small businesses. The SBA logo is at the bottom.

The Rural Export Center of the International Trade Administration can provide business owners with customized research and training! This completely virtual service will help business owners find the best international markets and identify specific buyers in those markets who may be prospective business partners.

LEARN MORE!!


SBA SUPPORTS SMALL BUSINESS EXPORTERS

90% Government Guaranteed Bank Loans for Exporting

Export Finance Programs

 

Most U.S. banks view loans for exporters as risky. This can make it harder for small business owners to get loans for things like day-to-day operations, advance orders with suppliers, and debt refinancing. That’s why the SBA created programs to make it easier for U.S. small businesses to get export loans.

SBA has three Export Loan programs which can allow the bank to meet almost any export financing need with a structure and terms that are right for the transaction.

Export Express Loan

Our most streamlined and versatile Export Loan program for credit needs of up to $500,000.  These loans can be used for almost any Export purpose and can have a variety of terms and structures.

Export Working Capital Program

Short-term financing to support export transactions including those backed by foreign receivables. This program is typically used by larger, more frequent exporters.

International Trade Loan

Longer term loans to begin or expand exporting.  Loan funds can be used for permanent working, plant, equipment or other purposes if it can be supported that the project will increase foreign sales.

 


NEBRASKA HAS FUNDS FOR SMALL BUSINESS EXPORTERS

Apply for SBA State Expansion Program (STEP) grant funds at the Nebraska Department of Economic Development to help start or expand your export business

State Trade Expansion Program (STEP)

 

Nebraska DED International Department has been one of SBA’s most successful and valued partners in its State Trade Expansion Program (STEP) Grant program.  Funds can be used for:

  • Domestic and international trade shows
  • International sales trips
  • S. Department of Commerce match-marketing programs
  • Third-party product compliance testing
  • Translation services for hard copy materials
  • Website translation and search engine optimization activities

https://opportunity.nebraska.gov/program/step-grant/

               


INTERNATIONAL TRADE RESOURCES FOR SMALL BUSINESS

Go Global: Expand Your Market With Exporting

 

U.S Small Business Administration

The SBA can work with your local bank to help provide export financing that small businesses need. The SBA reduces risk for lenders and makes it easier for them to access capital for exporting. That makes it easier for small businesses to get loans.

Mike Marsh- Lender Relations Specialist

Nebraska District Office

402.221.7216

Michael.marsh@sba.gov

https://www.sba.gov/


U.S. Export Assistance Center

USEACs help you explore the process of exporting at centers across the country. Each one is staffed by professionals from public and private organizations with experience in export assistance for small- and medium-sized businesses.

Ian Lorenzana- SBA Regional Export Finance Manager

314-432-1501

Ian.Lorenzana@sba.gov

https://www.sba.gov/offices/headquarters/oit


Nebraska Department of Economic Development- Office of International Trade

  • One-on-one counseling & technical assistance
  • Initial market research
  • Training seminars & workshops
  • Trade show promotion
  • Governor-led trade missions
  • Referral to local export service providers

Susan Rouch- Nebraska DED- Director of International Trade and Investment, STEP Grant Administrator

402-471-4668

Susan.rouch@nebraska.gov

Expand Your Business – Nebraska Department of Economic Development


U.S. Department of Commerce- Commercial Division

  • Trade Counseling - Planning and strategy, legal and regulatory issues, documentation and product requirements, trade problems, trade finance and insurace
  • Business Matchmaking - Contact lists, partner search, personalized business matchmaking, trade missions, trade shows, in-country promotions
  • Market Intelligence - Country and Industry reports, customized market research, background reports, trade data analysis, commercial diplomacy.

Meredith Bond- Director, Nebraska

402-680-4261

Meredith.bond@trade.gov

https://www.trade.gov/export-solutions


U.S. Export-Import Bank

  • Protect against buyer nonpayment
  • Get financing
  • Sell to foreign customers on credit terms
  • Borrow against export-related assets
  • Issue performance and bid bonds
  • Finance a foreign buyer’s purchase
  • Services exports

Denis Griffin- Regional Director

612-348-1213

Denis.griffin@exim.gov

www.exim.gov


Nebraska Business Development Center

  • Screen and assess potential markets
  • Analyze competition and barriers to success
  • Find the best methods to export your products
  • Determine the best international price
  • Become aware of procedures and regulations that affect exporting

Eswari Kalugasalam- SBDC Market Research Consultant

402.554.6232

ekalugasalam@unomaha.edu

https://www.unomaha.edu/nebraska-business-development-center/business-start-and-growth/exporting.php


USEFUL LINKS

Resources for Small Businesses:                   https://www.sba.gov/offices/headquarters/oit/resources/15234

Midwest International Trade Association: http://mitaonline.org/

Learn how to export -International Trade Admin: https://www.trade.gov/learn-how-export

Services for U.S. Exporters: Intl Trade Admin: https://www.trade.gov/let-our-experts-help-0

Export Assistance: https://ustr.gov/trade-topics/trade-toolbox/export-assistance