Foreign Financing

Program Quick Review

	Short Term Credit Requests	Medium Term Credit Requests
Term	Up to 180 days on most items Special Terms: 1 year on bulk agricultural commodities, fertilizer, pesticides & consumer durables   2 years on livestock (not including fowl) of up to $150,000   2 years on capital goods (equipment & machinery) sold for ultimate resale (such as to distributors)   3 years on livestock of over $150,000	1-5 years on most items Up to 7 years on environmental equipment & products Contract Value Range: $25 - 79,999             2 years $80 – 174,999         3 years $175 – 349,999      4 years over $350,000          5 years
Products	Spare Parts Raw Materials Consumer Goods Industrial Products Commercial Goods Computer Software Services performed over a period of less than one year Agricultural Commodities Foreign Inventory	Capital Goods (machinery, equipment, vehicles, etc) & services performed over a period of more than one year Note: most used equipment is also eligible!
Downpayment	None Required	15% of total project cost
U.S. Content Requirements	50% or more (exclusive of markup) raw materials & bulk agricultural commodities must be 100% U.S. content	85% or more (exclusive of markup)
Shipment Origination	United States	United States
Amounts Included	Product cost, shipping, insurance, finance costs, spare parts, testing, design, documentation, etc.	Product cost, shipping, insurance, finance costs, spare parts, testing, design, documentation, engineering, site preparation, installation, etc. Note: “services” must be performed by U.S. personnel
Repayment Mechanism	Open Account Promissory Note Sight or Term LOC	Promissory Note Finance Lease At least semi-annual payments No balloon payments 1st pmt due within 6 months of shipment or completion of installation Progress funding on larger projects
Services	Must be provided by U.S. personnel but may be provided in the U.S. or at the foreign site	Must be provided by U.S. personnel but may be provided in the U.S. or at the foreign site
Shipping & Insurance	U.S. shipping or insurance companies are not required to be used.	U.S. shipping or insurance companies are not required to be used.
Eligible Foreign Content	Components imported for a foreign country but integrated into the product prior to shipment are permitted	Components imported for a foreign country but integrated into the product prior to shipment are permitted
Local Costs	Local costs of foreign labor or components added after export may not be included	Local costs of foreign labor or components added after export may not be included

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