Medium Term Financing
Our most popular financing program is Medium Term financing. This option is only available for purchase and import of capital goods -and the services associated with those goods- from the United States.
This program is supported by the services of the Exim Bank, a U.S. government organization, focused on promoting U.S. exports through special, subsidized financing programs.
Standard Terms and Conditions 
- Terms from two to five years (up to seven years in certain cases)
- Interest rate based on LIBOR rate (international base rate) plus a spread to be determined based on specific characteristics of the transaction
- Variable and fixed rate options available.
- Simple Interest, without penalties for advanced payment.
- Financing of 85% of the contract value. A required 15% down payment to the supplier must be made prior to the disbursement of the financing
- Semi-annual payments of principal and interest
- Financing is in U.S. dollars
- Minimum transaction size: $350,000
(Terms may vary depending on whether the purchase is for an end-user, for inventory or for rental.)
Additional benefits for the buyer
- Grace periods are available for the import and installation of the equipment, as required
- Financing can be pooled for purchases from multiple U.S. exporters
- Financing of new and used equipment
- Credit lines valid for up to a year
- Program does not require a lien on the equipment being imported
- Financing program does not require a local bank guarantee
- Financing available for distributors (floor plan financing) as well as rental companies
Requirements to Qualify for Medium-Term financing
In order to qualify for Medium Term financing, the buyer should demonstrate that he is capable of supporting the loan being requested with the company's existing operations and cash flow. The company's ability to support a loan will be established by a review of the financial information and other documentation presented
The following are the basic requirements for Medium Term financing:
- The company should be in business for at least 3 years
- All financial statements should be prepared according to generally accepted accounting practices of the country of origin
- The amount of the loan cannot be more that 40% of the tangible net worth of the buyer
- The company should be a profitable entity with a strong balance sheet
- The buyer should have access to sufficient available funds to make the required 15% down-payment in the form of cash or other available funds
- The buyer should demonstrate that has the ability to service the debt requested as determined by specific financial ratios
In the event the buyer does not comply with one of more of these items, it may be possible to process an application with the guarantee of another related entity or with a bank guarantee. If this is the case, the information pertaining to the buyer and the proposed related company or bank must be included as part of the Financial Information Package.
The following tables provide basic financial requirements for the buyer to approximate your firm's credit capacity. All financial requirements are calculated from your firm's last end of year financial statements. These are estimates only. Final amounts and overall approval subject to credit underwriting.
This table applies for end user financing.
| Loan Amount |
Net Worth |
Available Cash |
Annual Profits |
| $250,000 |
$574,000 |
$57,000 |
$73,000 |
| $300,000 |
$688,000 |
$68,000 |
$88,000 |
| $350,000 |
$803,000 |
$80,000 |
$102,000 |
| $400,000 |
$1,004,000 |
$100,000 |
$109,000 |
| $450,000 |
$1,129,000 |
$112.000 |
$122,000 |
| $500,000 |
$1,255,000 |
$125,000 |
$135,000 |
| $550,000 |
$1,313,000 |
$131,000 |
$142,000 |
| $600,000 |
$1,432,000 |
$143,000 |
$155,000 |
| $650,000 |
$1,551,000 |
$155,000 |
$168,000 |
| $700,000 |
$1,671,000 |
$167,000 |
$181,000 |
| $750,000 |
$1,790,000 |
$179,000 |
$194,000 |
| $800,000 |
$1,909,000 |
$190,000 |
$206,000 |
| $850,000 |
$2,029,000 |
$202,000 |
$219,000 |
| $900,000 |
$2,148,000 |
$214,000 |
$232,000 |
| $950,000 |
$2,268,000 |
$226,000 |
$245,000 |
| $1,000,000 |
$2,387,000 |
$238,000 |
$258,000 |
This table applies for rental equipment financing.
Maximum Term: 2 years (4 payments)
| Loan Amount |
Net Worth |
Available Cash |
Annual Profits |
| $250,000 |
$574,000 |
$57,000 |
$132,500 |
| $300,000 |
$688,000 |
$68,000 |
$159,100 |
| $350,000 |
$803,000 |
$80,000 |
$185,500 |
| $400,000 |
$1,004,000 |
$100,000 |
$212,000 |
| $450,000 |
$1,129,000 |
$112.000 |
$238,500 |
| $500,000 |
$1,255,000 |
$125,000 |
$265,000 |
| $550,000 |
$1,313,000 |
$131,000 |
$291,000 |
| $600,000 |
$1,432,000 |
$143,000 |
$318,000 |
| $650,000 |
$1,551,000 |
$155,000 |
$344,500 |
| $700,000 |
$1,671,000 |
$167,000 |
$371,000 |
| $750,000 |
$1,790,000 |
$179,000 |
$397,500 |
| $800,000 |
$1,909,000 |
$190,000 |
$424,500 |
| $850,000 |
$2,029,000 |
$202,000 |
$450,500 |
| $900,000 |
$2,148,000 |
$214,000 |
$477,000 |
| $950,000 |
$2,268,000 |
$226,000 |
$503,500 |
| $1,000,000 |
$2,387,000 |
$238,000 |
$530,000 |
How to apply
- Browse our on-line Inventory
- Add required products to your Shopping Cart
- Complete the Quote Request form. If you can’t find the products you’re looking for in our inventory or you already have a supplier, we still request that you complete the form and fill in the additional information in the appropriate fields
A representative from our banking affiliate will contact you to follow up on the next steps. A series of documents will be required to complete the final application. Please see details below.
Documents to be requested before completion of credit application:
- Description of your business, including brochures or annual reports
- If the company is part of a group of companies, general description of the group's activities and the names of each company will be required.
- Summarized list of primary suppliers and customers. If any one customers represents more than 20% of total sales in the last fiscal year, detailed information on the relationship with that customer will be required, including length of relationship, percent of sales that it represents, and whether a long-term contract exists.
- Articles of Incorporation of the company.
- List of the principal company officers and their position.
- Financial Statements:
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Amounts over $1 million
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Transactions less than $1 million
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Complete copy of the external auditor's report of the audited financial statements for the last three fiscal year-ends. This report should include the auditor's opinion and notes, as well as the balance sheet, income statement, statement of changes in net-worth and cash flow statement.
Interim financials statements if the last fiscal year ended more than six months prior to the presentation of the financial information package.
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Financial statements for the last 3 years prepared according to generally accepted accounting standards of the country, signed by the accountant who prepared them and by the legal representative of the company.
Interim financials statements if the last fiscal year ended more than six months prior to the presentation of the financial information package.
Letter from the accountant who prepared the financial statements indicating that the financial statements meet generally accepted accounting standards for the country of business.
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Whether the financial statements are audited or not, ensure that the following information is provided:
- A breakdown of depreciation expenses for each of the three last fiscal year-ends.
- A breakdown of interest income and interest expenses for each of the three last fiscal year-ends.
- For all long-term debt, whether it is bank or supplier debt, an amortization table for each loan with each amortization payment, the original date of the loan, the original amount, the amount of each payment and the maturity date of the loan.
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Bank Reference:
Include banking references from your two main bank relations. These should be presented on the bank's stationary and should include the bank's name, address, telephone number and contact person. The references should also include the account number, opening date of the account and the bank's experience with the customer.
If there is a credit history, the reference should include the amount of the facility, the guarantee provided to the bank, the current utilization of the facility, the term and the currency in which the facility is denominated.
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Business Credit References:
Include two credit references from your two most important suppliers. These should be prepared on the supplier's stationary and should include the supplier's name, address, telephone number, fax number and a contact person.
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U.S. Supplier (provide for each individual supplier that is not pre-qualified by ExportersAlliance)
- Complete name and address in the U.S. supplier (s)
- Complete name and phone number of the contact person (s) in the U.S.
- If you are working with a distributor or agent agent of the U.S. supplier in your country, please provide the above information for that company, name of the U.S. company they represent and the name and phone number of the contact person with the U.S. supplier.
- Indicate whether a contract has been signed with the supplier
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Transaction:
- Provide a detailed description of all the goods/services to be purchased and imported from the U.S., including a general description of the goods/services, brand, specific model number, and the individual cost of each item. If you have an invoice, please include it.
- Please describe in general terms the use of the equipment to be imported.
- Is the equipment new or used? Please indicate for each item being purchased.
- Number of shipments expected.
- Please indicate when you expect to import the goods.
- If the purchase represents part of a larger project, please provide a general description of the project.
- Include projected financial statements.
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