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Key Features of Ex-Im Bank Loan Guarantees
Loans are made by commercial banks and repayment of these loans is guaranteed by Ex-Im Bank.
Guaranteed loans cover 100 percent of the principal and interest for 85 percent of the U.S. contract price.
Interest rates are negotiable, and are usually floating and lower than fixed rates.
Guaranteed loans are fully transferable, can be securitized and are available in certain foreign currencies.
Guaranteed loans have a faster documentation process with the assistance of commercial banks.
There are no U.S. vessel shipping requirements for amounts less than $20 million.