|How do you balance what your business requires to safely sell products overseas against the needs of your foreign buyers? Many firms struggle to capture foreign sales, simply because they are unaware of the options available.
As an exporter, you face risks most businesses never consider. Banks often hear “export” and become hesitant to secure your export financing or bond needed to grow your exports. Exporting makes more sense now more than ever before, whether you’re a small business exporting your products for international trade for the first time or a large U.S. import-export business.
The Trade Finance Guide: A Quick Reference for U.S. Exporters was designed to help U.S. firms learn the basic fundamentals of trade finance so that they can turn their export opportunities into actual sales. Developed by the U.S. Department of Commerce, and provided to you by the Export-Import Bank, this new guide offers an easy to understand overview of the financial tools available and where to access them for your global trade business.
GrowBiz is a blog created by the Florida SBDC at FIU, the small business development center within Florida International University’s College of Business. The center’s team of business experts works one-on-one with about 1,000 entrepreneurs and business owners each year by providing confidential, no-cost consulting. The center’s mission is to help South Florida businesses grow and succeed. If you own a business in Miami-Dade or Monroe County with 3 or more employees, or are launching a scalable venture, the Florida SBDC at FIU is ready to help you successfully navigate the obstacles that often hinder business growth.