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US Global Business Solutions: US Government Solutions for Small Business Exporters

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US Global Business Solutions: US Government Solutions for Small Business Exporters

By Dennis Chrisbaum
Published: April 2, 2013 Updated: April 2, 2013

When the President challenged the nation to double exports in five years, U.S. government agencies started working more closely together to make it easier for businesses to access foreign market opportunities and for lenders to provide the financing that exporters need.

Under a new, multi-agency initiative, several federal agencies are collaborating to combine their trade financing programs and export marketing services into a one-stop platform:  U.S. Global Business Solutions, a new approach for assessing and meeting the business needs of small business exporters.  US-GBS will be launched at the 6th Annual SBA Export Lenders’ Roundtable, April 3, in Washington, D.C. 

This new initiative will:

  • Reduce complexity for both exporters and lenders by packaging trade financing and marketing options that seamlessly meet exporter needs;
  • Simplify marketing materials, while increasing lender training to meet the needs of financial institutions; and,
  • Streamline access to international experts, financial products, and business services for exporters.

As businesses of all sizes increasingly recognize the opportunities for selling products and services abroad, lenders will be remain a critical partner in their expansion plans.   Now is a great time to learn how to continue to support your customers as they expand their sales into global markets, while mitigating some of the real, and perceived, risk with US government guarantees and insurance.

 If you are unable to attend the SBA’s Export Lenders Roundtable, please contact the SBA representative in your local U.S. Export Assistance Center.  For a directory, go to:  http://www.sba.gov/content/us-exports-assistance-centers. This program is open to lenders only.  Please send inquires and RSVPs to: Danielle.Wilsey@sba.gov.

Date: Wednesday, April 3, 2013

Time: 8:30-1:00 p.m.

Location: Ronald Reagan Building and International Trade Center

13th St. and Pennsylvania Ave., NW

Washington, D.C.

(Federal Triangle Metro Station)

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Comments:

This was a new approach to assess and meet the business needs of small business exporters
The practice of government assistance to small businesses looking to start or grow operations targeted at exporting goods to foreign markets is a step in the right direction. The United States has fallen so far behind in the manufacturing sector that the trade imbalance seems insurmountable. This assistance may allow entrepreneurs the ability to gain a foothold in a challenging and competitive space. It may also provide an incentive to other small business owners to increase their foreign export operations in an attempt to capitalize on a federal program aimed at creating manufacturing jobs and assisting small businesses.
This initiative by govt. will definitely help business professionals!

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