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Export-Import Bank Short-Term Credit Standards
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For Credit Limits up to $300,000 Exim requires
- Buyer be in same line of business for at least three years
- Favorable credit agency report dated within 6 months of application
- 1-2 favorable trade references dated within 6 months of application from suppliers that extend similar amount/terms
- Buyer's audited or signed financial statements for the two most recent fiscal year ends
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No material adverse issues
For Credit Limits over $300,000 Exim requires the information indicated above as well as meeting these financial ratios for the most recent fiscal year-end
- Exim exposure/tangible net worth must not exceed 50%
- Operating profit
- Net profit
- Current ratio greater than or equal to 1.25
- Positive net cash from operations
- EBITDA/debt service of greater than or equal to 1.25
- Total liabilities/net worth is less than or equal to 2.5
For Credit Limits over $1 Million Exim requires the information indicated above as well as the following
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Buyer's audited financial statement for the three most recent fiscal year ends
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Statements must also include notes and auditor's opinion
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Interim financial statements are required if the most recent fiscal year statements predate the application date by 9 or more months
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Bank reference on the buyer
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