Both being beneficial for our economy and for achieving sustainable solutions, also in developing countries. This fund gives the companies access to export financing where they were previously rejected by banks. Unfortunately it is still so difficult for our entrepreneurs to get international projects financed. To qualify for SBA export finance loans, SMEs must be in business for at least one year however, early-stage SMEs may qualify with strong export expertise and. Although a great opportunity to grow sales, it can be expensive to get a foothold at. SBA export finance loans are available for manufacturers with less than 500 employees as well as wholesalers, export trading companies and service exporters with less than 100 employees. Liesje Schreinemacher, Minister for Foreign Trade and Development Cooperation: “Our economy runs on small and medium-sized enterprises, and is therefore of great importance. Expanding into overseas markets can feel like a step into the unknown. It has become increasingly difficult for entrepreneurs to obtain this type of financing at regular banks, while there are good opportunities for many SMEs in foreign markets.” Jacco Vonhof, chairman of MKB-Nederland: “It is good and important that Invest International, together with the parties involved, comes up with an export facility specifically for SMEs. Joost Oorthuizen, Chief Executive Officer at Invest International said: “Supporting Dutch SMEs is a very important part of our mandate at Invest International and by undertaking this initiative, we address the market failure for smaller ticket export finance and provide extra financing capacity.”
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