If you buy or sell items internationally, the common way to pay for them is through wire transfers, done at your local bank. Some people use the term "T/T" (for telegraphic transfer) - but it's all the same thing. Your bank (or your overseas customer/vendor) needs the following:
If you need to look up a Swift number (also called a BIC - bank identifier code), go to https://transferwise.com/us/swift-codes/. Select BIC directory and enter the bank name.
If you need to look up an IBAN number, go to http://www.ecbs.org/iban.htm and click on Country Information
The SBA Export Working Capital Program provides loan guarantees for one to three years to finance exports. Participants must have been in business at least one year, but can be new to exporting. The bank loan can be used for:
This program work like a regular SBA loan, so you need to contact a participating lender.
Loans are up to $2 million, with express processing for loans up to $250,000. Click here for more information.
The Export-Import Bank of the United States is the official export credit agency of the U.S. They have three programs to encourage exports:
For further information, contact the Export-Import Bank at:
Southwest Regional Office 1880 South Dairy Ashford II, Suite 405 Houston, TX 77077 (281) 721-0465
You can also visit their website at http://www.exim.gov/smallbusiness/ for more information about credit insurance and export loans.
Agricultural Exporters: USDA Export Credit Guarantee Program
The USDA Commodity Credit Program guarantees commercial financing of US agricultural exports. Click here for more information.