GE reports moving jobs to China, Boeing reports losing contracts in Singapore, and Caterpillar wonders aloud if Congress understands the negative impact to small and mid-size manufacturers in its export supply chain. Meanwhile EXIMBANK remains closed. Supporters’ hopes reauthorization would be attached to a highway funding bill in September appear dashed. Now talk is October. Passing a national budget to avoid another shutdown takes center stage, and Congress remains at an impasse as to when EXIMBANK will reopen.
Fortunately for Lenders, the commercial insurance market has added a number of new entrants and it is possible to secure insurance for single risks or portfolios. Quickly and at reasonable prices.
Credit Eureka is pleased to announce an expedited foreign credit insurance platform for Credit Eureka. After registering for a UID and Password, lenders can quickly provide borrowers the cost of including foreign AR. When it makes sense, the borrower securely completes an RFP online. Depending on the requested number of insured accounts, an executable term sheet can be available within 3 – 10 business days. The platform is a market first; designed specifically for lenders and financial sponsors to quickly communicate to Client and their management the cost of including foreign AR in the financing.
Some key features
– Non cancelable credit lines for the term of Credit Eureka facility..
– Annual premiums as low as $10K.
– Investment grade rated protection.
– Quick turn.