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Opportunities for Community Banks :. Community Affairs Webinar Series. Federal Guarantee Programs that Support Export Lending to Small Business. Dennis R. Chrisbaum Director, International Trade Finance, SBA Michael Jackson Director, City/State Partners, Ex- Im Bank Teri Ryan

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Community affairs webinar series

Opportunities for Community Banks:

Community Affairs Webinar Series

Federal Guarantee Programsthat Support Export Lending to Small Business


Your presenters

Dennis R. Chrisbaum

Director, International Trade Finance, SBA

Michael Jackson

Director, City/State Partners, Ex-ImBank

Teri Ryan

Branch Chief, Risk and Asset Management, USDA Foreign Agricultural Service

Stephen Fancher

President and CEO, Florida Export Finance Corporation

James Moschella

Examination Specialist, FDIC

Your presenters:


National export initiative

National Export Initiative

“Because the more products we make and sell to other countries, the more jobs we support right here in America… Tonight we set a new goal: We will double our exports over the next five years, an increase that will support two million jobs in America. To help meet this goal, we're launching a National Export Initiative that will help farmers and small businesses increase their exports…”

President Barack Obama

State of the Union Address

January 27, 2010


National export initiative1

National Export Initiative

Announced March 11, 2010 by President

Goal

1. Double exports in five years

2. Create two million new jobs

Actions

  • Create Export Promotion Cabinet

  • Increase technical assistance

  • Increase export financing

  • Increase business advocacy

  • Strengthen trade agreements


The export promotion cabinet july 2012

The Export Promotion Cabinet, July 2012

To Maximize the Effectiveness of Federal Programs, the Federal Government will:

  • increase the national base of small- and medium-

    sized enterprise exporters by 50,000 by 2017,

    (2) expand the reach of federal export assistance—including trade financing--and counseling to small businesses, and

    (3) ensure better delivery of export promotion services domestically and overseas.


U s global business solutions

U.S. Global Business Solutions

Export Promotion Cabinet, Objective #2:

Expand Access to Small Business Trade Financing

1) trade financing perceived as too complex by

many lenders

2) not high volume nor profitable for lenders

1) reduce the complexity and present a streamlined package of financing options,

2) focus only on mainstream products with greater volume potential

Problem

Solution


Separating facts from myths

Separating Facts from Myths

Myth

“Small businesses don’t export.”

Fact

  • 296,000 SMEs (98% of all exporters) exported more than $700 billion in 2011, representing 33.3% of all known U.S. exports.

  • Very small companies (fewer than 20 employees) account for 70 percent of all exporting firms.

  • Find out how important exporting is to your state: http://www.trade.gov/mas/ian/statereports/.


Perception vs reality

Perception vs. Reality

Lender Perception

“Lending to exporters is too risky”

Reality

Out of all of the SBA Sub-program codes, the Export Working Capital program has the lowest loss rate and the lowest default rate.


Perception vs reality1

Perception vs. Reality

Lender Perception

“We can’t use SBA export loan programs, since our bank doesn’t have an international department.”

Reality

  • An international department isn’t necessary.

  • The SBA/Ex-Im Bank USEAC Regional Managers will work with any bank to walk them through the process.

  • SBA loans are made to your customer down the street, not to a foreign entity in Mexico, China, or elsewhere.


One stop shop for export business needs

One-Stop Shop for Export Business Needs

Goals of Export Promotion Cabinet

  • Grow revenues and jobs through exports and the number of SB exporters—add 50,000 by Dec. 2017

  • Expand the base of financial institutions and service providers who facilitate exports—add 250 trade financing originators by Dec. 2015

    Solution to Increase Access to Trade Finance

  • Reduce complexity by packaging trade financing and marketing options that seamlessly meet exporter needs

  • Simplify marketing materials and increase outreach and training to meet the needs of their financial institutions

  • Streamline access to international experts, credit products, and business services for exporters and lenders—build volume


One stop shop for export business needs1

One-Stop Shop for Export Business Needs

Strategy

  • Tailor the options to the stage of exporter development and capacity of the financial institution

  • Combine key trade and commercial finance products and services in a single menu of options made for mainstream use: U.S. Global Business Solutions

  • Offer a seamless, low-cost transition among options

  • Provide a menu of customized financing solutions for more advanced exporter needs: The Specialized Global Solutions (SGS) program


What might a sme need

What Might a SME Need?

  • Working Capital for Export Development:

  • Attend trade shows

  • Secure CE mark, international patent or trademark

  • Meet potential business partners

  • Vet potential buyers, agents or distributors and purchase foreign credit reports

  • In-country promotions

  • Translation of website/product literature and other marketing costs


Solution sba export express

Solution: SBA Export Express

Profile:

  • to $350,000 with 90% guaranty

  • $500,000 with 75% guaranty

  • Processed by SBA-approved ExportExpress lenders

  • Working capital: 7 years; Fix assets: up to 25 years

    Required:

  • Entering or expanding in foreign market

  • In business for at least 12 months (can be waived by lender if the applicant’s key personnel have export expertise and successful business experience and lender does conventional underwriting, not relying on credit scoring)


Solution sba export express1

Solution: SBA Export Express

Proceeds may be used for any “export development activity,” such as:

  • Translation of product literature or website

  • Participation in a trade show or on a trade mission

  • transaction-specific financing of export deals, including standby letters of credit

  • general lines of credit for export purposes

  • term loans for permanent working capital, machinery, equipment, or real estate used in the production of goods or services for export


What might a sme exporter need

What Might a SME Exporter Need?

Working Capital and Credit Insurance for Export Orders:

  • Inventory, materials, labor, other production costs

  • Foreign accounts receivable insurance

  • Insurance and freight costs

  • Bank fees related to the transactions

  • Standby-letters of credit to guarantee bid, performance, or advance payments


Working capital for export transactions

Working Capital for Export Transactions

  • SBA Export Express—to $500,000

  • Guaranteed loan; 7 years maximum working capital

    2. Ex-Im Bank’s Global Credit Express—to $500.000

  • Direct loan, if credit is not elsewhere available

  • Provides businesses with export history or orders with short-term, working capital

  • Terms: either 6 or 12-month revolving line of credit

  • Line can support general expenses of exporting, including export development and transactional costs.

  • Credit scored


Working capital for export transactions1

Working Capital for Export Transactions

3. SBA Export Working Capital—to $5 million

  • 90% guaranty; $4.5 million guaranty

  • Maximum term, 3 years; typically, 1 year

  • Guaranty fee if 12 months or less: .25% (1/4 of 1%)

    Transaction-Based Financing (Purchase order financing)

    • Single Order or Revolving Line

    • Most supplier and production costs through collections

      Or, Asset-Based Line-of-Credit

  • W/C for pre-shipment, post-shipment or both

    • Borrowing Base: inventory, WIP, (insured) A/R

      Advance rates:

    • up to 75% against inventory and WIP

    • up to 90% against foreign accounts receivable


  • Working capital for export transactions2

    Working Capital for Export Transactions

    4. SBA Working Capital CapLine

    • Up to $5 million loans with 75% guaranty

    • Maximum term: 10 years

    • Benefit: One line to support both domestic and international sales

    • Required: credit insurance on foreign A/R

    • One-to-one collateral ratio:

      • Advance rates up to 50% against inventory and equipment;

      • 80% against A/R and real estate


    Mitigate transactional non payment risk

    Mitigate Transactional, Non-Payment Risk

    Solution: Ex-Im Bank’s Trade Credit Insurance

    • Up to 95% coverage against non-payment due to commercial and political risk

    • Express Insurance: 5 day turn-around, up to 20 buyers

    • Insure world-wide buyers or single buyer—policy options

      Benefits:

    • Marketing—bigger orders

    • Financing—can add to borrowing base

    • Reduced complexity—no need for letters of credit

    • Health—sleep at night

      Cost:

    • ~65 cents per $100 invoiced amount

    • 25% discount paired with any SBA or Ex-Im Bank loan


    What might an experienced sme exporter need

    What Might an Experienced SME Exporter Need?

    Term Loan for fixed assets:

    • Machinery or equipment to expand production in order to meet foreign demand

    • Retooling expenses necessary for metric production or to meet other standards

    • Permanent working capital

    • Real estate needed as a result of expanding export sales


    Solution sba international trade loan

    Solution: SBA International Trade Loan

    Summary:

    • A 7(a) loan up to $5,000,000 for plant and equipment

    • maximum guaranty: 90% up to $4.5 million

    • either: a) expanding because of exports, or

      b) adversely impacted by imports and

      c) will improve company’s competitive position

    • a combination of fixed assets or term loan with W/C

      -- maximum Working Capital guaranty: $4,000,000

    • maximum term: 25 years; 10 years for working capital

    • refinancing is allowed

    • can be process by PLP lenders

    • can be used for “on-shoring” if conditions above met

    • business plan required--application must document eligibility requirements (i.e. export projections or evidence of adverse impact by imports)


    All four sba loans can be used to support indirect exports

    All Four SBA Loans Can Be Used to Support Indirect Exports

    • Applicants who produce products or services that enter into the export channel, but do not directly export their products

      • Manufacturers using an Export Trading Company

      • Suppliers to other domestic manufacturers that export directly

    • Requires certification from domestic customer that goods are, in fact, being exported.


    What else might an experienced sme exporter need

    What Else Might an Experienced SME Exporter Need?

    Term Loanfor the Foreign Buyer:

    • Ex-Im Bank’s Medium Term loan guarantee to a lender that finances a foreign buyer’s purchases of U.S – made capital equipment and any related services.

    • BENEFITS: Enables an exporter to sell large ticket capital equipment to a foreign buyer on favorable credit terms generally between 1 and 5 years and be cashed-out up front by a lender

    • ELIGIBILITY: Products must be of U.S. origin. Buyer must make a minimum 15% cash down-payment.

    • COST/FEES/TERMS: A variable exposure fee is based on the risk of the transaction and a commitment fee of 0.125%. The interest rate is negotiated between the lender and the foreign borrower.

    • RESTRICTIONS: Lenders must have a Master Guarantee Agreement in place to participate.


    What else might an experienced sme exporter need1

    What Else Might an Experienced SME Exporter Need?

    Working Capital Over $5 million:

    • DESCRIPTION: To purchase finished goods, raw materials, labor and fund overhead costs to fulfill export sales orders or to post a bid or performance bond. Guarantee 90% of the loan amount.

    • BENEFITS: Offers generous advance rates (up to 75% on inventoryand work-in-process, and up to 90% on foreign A/R).

    • HOW IT WORKS:Lender either approves under their own “delegated authority” or sends to Ex-Imfor concurrence. Loans may be revolving lines of credit or transaction-specific.

    • ELIGIBILITY: Company must be in business for at least one year with financial statements available on its operations. Goods and /or services exported must be of U.S. origin.

    • COST/FEES/TERMS: $100 processing fee. 1.75% annually, 1.25% available on a case-by-case basis for lower-risk transactions. Interest rate on the loan and any other fees are set by the lender.


    Usg programs for your export customers

    USG Programs for Your Export Customers

    • Export Development

      --SBA Export Express—to $500,000

      B. Working Capital

      --SBA Export Express—to $500,000

      --SBA’s Export Working Capital—to $5 million

      --SBA’s CapLine—to $5 million

      --Ex-ImBank’s Global Credit Express—to $500,000

      --Ex-Im Bank’s Working Capital—over $5 million

      C. A/R Payment Risk Mitigation

      --Ex-Im Bank’s Trade Credit Insurance programs

      D. Foreign Buyer Financing

      --Ex-Im Bank’s Medium Term Loan Program

      Please USE Them!


    Ex im bank field offices

    Ex-Im Bank Field Offices

    Regional Export Finance Centers

    Midwest Western

    Chicago Regional Export Finance CenterOrange County, CA Regional Export Finance Michael Howard: 312-353-8081David Josephson: 949-660-1341

    DetroitSan Francisco Field OfficeJohn Toles: 313-309-4158James Lucchesi: 415-705-2285

    MinneapolisSeattleDenis Griffin: 612-348-1213 John Brislin: 206-728-2264Northeast and Mid-Atlantic

    New York Regional Export Finance CenterThomas Cummings: 212-809-2650Southeast Southwest

    Miami Regional Export Finance CenterHouston Regional Export Finance CenterSharyn Koenig: 305- 526-7436Patrick Crilley: 281- 721-0465

    AtlantaNorth Texas Branch McKinney (Dallas), TXSusan Kintanar: 404- 897-6082Kelly Kemp: 214-551-4959


    Sba s network of trade finance specialists at u s export assistance centers

    SBA’s Network of Trade Finance Specialists at U.S. Export Assistance Centers

    CHARLOTTE

    Territory: North Carolina, South Carolina, Eastern Tennessee

    Dan Holt 704-333-4886 x226

    CHICAGO

    Territory: Wisconsin, Illinois, Iowa

    John Nevell 312-353-8065

    CLEVELAND

    Territory: Ohio, Western New York, Western Pennsylvania,

    Patrick Hayes 216-522-4731

    DALLAS/FORT WORTH

    Territory: Texas, Oklahoma

    Rick Schulze 817-684-5506

    DENVER

    Territory: Colorado, New Mexico, Utah, Wyoming

    Bryson Patterson 303-844-6623 ext.218

    DETROIT

    Territory: Michigan, Indiana

    John O'Gara 313-872-6793

    MIAMI

    Territory: Florida , Puerto Rico, Virgin Islands

    Mary Hernandez 305-526-7425 ext. 21

    MINNEAPOLIS

    Territory: Minnesota, North Dakota, South Dakota

    Carlos Sosa 612-348-1642

    NEW ORLEANS

    Territory: Louisiana, Arkansas, Mississippi

    Pellson Lau504-589-6730

    NEW YORK CITY

    Territory: New York City & 5 Boroughs, Eastern Upstate New York, New Jersey

    Toni Corsini 212-809-2645

    PHILADELPHIA

    Territory: Eastern Pennsylvania

    Robert Elsas 215-597-6110

    PORTLAND

    Territory: Oregon, Southern Idaho, Montana

    Jeff Deiss 503-326-5498

    SEATTLE

    Territory: Washington, Alaska, Northern Idaho

    Pru Balatero 206-553-0051 ext.228

    ST. LOUIS

    Territory: Kansas, Missouri, Nebraska

    John Blum1314-260-3788

    ATLANTA

    Territory: Georgia, Alabama,

    Kentucky, West/Central Tennessee

    Sandro Murtas 404-815-1496

    ARLINGTON, VA

    Territory: Virginia, Maryland, District of Columbia, West Virginia, Delaware

    William Houck 202-557.4063

    BOSTON

    Territory: Maine, Vermont, New Hampshire, Massachusetts, Connecticut, Rhode Island

    John Joyce 617-565-4305

    CALIFORNIA

    IRVINE

    Territory: Southern California, Southern

    Nevada, Arizona

    Martin Selander 949.660-8935

    SACRAMENTO

    Territory: Northern California - Fresno to the

    Oregon border, Northern Nevada, Hawaii,

    Guam

    Jerry R. Avila 916-735-1708


    Questions

    Questions

    Primary Contacts:

    Dennis R. Chrisbaum, SBA

    [email protected]; 202.205.6885

    Michael Jackson, Ex-Im Bank

    [email protected]; 202.565.3479


    Federal guarantee programs that support export lending to small business

    EXPORT CREDITGUARANTEE PROGRAM

    GSM-102

    Facilitating

    Trade

    finance

    Foreign Agricultural Service

    United States Department of Agriculture


    Federal guarantee programs that support export lending to small business

    GSM-102

    WHAT IS GSM-102?

    It’s not a loan…

    It’s not a grant…

    It’s a guarantee

    Backed by the full faith and credit

    of the United States Government


    Federal guarantee programs that support export lending to small business

    PURPOSE OF THE PROGRAM

    GSM-102

    Promotes the export of U.S. agricultural products by facilitating the financing component via a credit guarantee.

    USDA guarantees the letter of credit to emerging markets where sales may not occur without the financing and guarantee.


    Federal guarantee programs that support export lending to small business

    PROGRAM

    DESCRIPTION

    GSM-102


    Federal guarantee programs that support export lending to small business

    Program

    Participation

    GSM-102

    • Approved Countries/Regions

    • Approved Foreign Banks

    • Qualified U.S. Exporters

    • Approved U.S. Banks

    • Importers do not need to be approved


    Federal guarantee programs that support export lending to small business

    MISCONCEPTIONS

    GSM-102

    GSM-102 is…

    • Not just for bulk commodities

      • High-value processed products are also covered

    • Not just for large corporations

      • Approximately 47% of participants are SME’s

    • Not just for large dollar transactions

      • Transaction sizes have no minimum. Many are under $1 million USD


    Federal guarantee programs that support export lending to small business

    ELIGIBLE COMMODITES

    GSM-102

    • 100% produced in USA

    • High-Value products (90% U.S. Content)

    Consumer-ready - Intermediate - Bulk


    Federal guarantee programs that support export lending to small business

    How MUCH IS THIS GOING TO COST?

    GSM-102


    Federal guarantee programs that support export lending to small business

    GSM-102

    COMPARISON

    WITHOUT GSM-102

    WITH GSM-102

    Carry 100% Risk

    U.S. exporter more likely to ship since USDA carries 98% of the risk and payment is received upon presentation of documents

    Presence of loan term extended by the U.S. bank to the foreign bank may encourage extension of credit by the foreign bank to the importer

    Importer now in better position to negotiate favorable loan terms with GSM-approved bank in the region

    U.S. exporter reluctant to

    ship without being paid

    in advance

    Bank in region may be

    unwilling to provide

    credit to importer

    Any financing to importer

    may have very short repayment terms & higher interest rates

    Carry 2% Risk


    Benefits to u s banks

    Benefits to u.s. Banks

    GSM-102

    Less risk – USDA assumes almost all risk in the event of nonpayment

    Ability to leverage country & foreign bank limits

    Reduce capital requirements due to USDA guarantee

    Ability to lend up to 2 years

    Ability to lend at reduced rates because of USDA guarantee

    Establish or improve correspondent banking relationships

    Service U.S. exporter clients & expand relationships

    Foreign Bank


    Federal guarantee programs that support export lending to small business

    Benefits to an exporter

    GSM-102

    • Open new markets and expand sales where risk may be greater

    • Minimal cost – fees average about 1 percent

    • Reduce importer and foreign bank risk

    • Get paid quickly by assigning guarantee to U.S. bank and delivering shipping documents that conform with L/C

    • Ability to lower all-in-costs to the buyer


    Federal guarantee programs that support export lending to small business

    GSM-102

    How to get started?

    U.S. Bank

    Provide most recent audited financial statements

    Documentation from federal or state agency regulator

    Identify shareholder ownership & management

    Contact information of principal and U.S. regulator


    Federal guarantee programs that support export lending to small business

    GSM-102

    How to get started?

    Get a DUNS number

    Exporter

    Submit qualification application

    Negotiate sales contract with buyer

    Contact U.S. bank (if assigning guarantee)

    Submit request for guarantee/pay guarantee fee


    Federal guarantee programs that support export lending to small business

    GSM-102

    markets

    Africa & Middle East

    Central Asia

    Russia

    Southeast Asia

    Caribbean

    China

    South America

    Turkey

    Central America

    Mexico

    South Korea

    Vietnam


    Federal guarantee programs that support export lending to small business

    Registrations (USD Billions)

    GSM-102

    $5.32 billion

    $4.12 billion

    $4.13 billion

    $3.09 billion

    $3.11 billion

    $1.44 billion

    .49%

    .26%

    5.23%

    4.23%


    Global usage fy 2011 2012 in usd millions

    Global UsageFY 2011 – 2012 (in USD millions)

    GSM-102

    $ USD Millions

    +Eurasia Region discontinued in 2012


    Federal guarantee programs that support export lending to small business

    TOP COMMODITIESFY 2012

    GSM-102


    Federal guarantee programs that support export lending to small business

    FY 2013 Programming

    GSM-102


    Federal guarantee programs that support export lending to small business

    ADDITIONAL INFORMATION

    See how your business can benefit from GSM-102

    Contact Us

    Teri Ryan

    202.720.0663

    [email protected]

    www.fas.usda.gov/excredits/ecgp.asp

    Foreign Agricultural Service

    United States Department of Agriculture


    Federal guarantee programs that support export lending to small business

    Florida Export Finance Corporation

    FEFC

    A not for profit corporation created and funded by the State of Florida by the Florida Export Finance Corporation Act of 1993-

    FL. Statutes 288.770-288.779.


    Federal guarantee programs that support export lending to small business

    Legislative mandate to increase job opportunities and income for residents of Florida by providing financial, technical and consulting assistance to small and medium sized Florida Companies in support of their export sales.


    Federal guarantee programs that support export lending to small business

    • FEFC financial assistance is available only for exporters and transactions which meet the following requirements:

    • The exporter/borrower must be registered to do business in Florida and be able to produce a current corporation, partnership or proprietorship registration.

    • The exporter/borrower must have less than 250 employees. Full and part time employees are included in this requirement.

    • The exporter/borrower must have less than $6,000,000 of net worth.

    • The equity owner of the exporter/borrower must sign the FEFC application, all loan documents, and personally guarantee the loan.

    • The exporter/borrower must have a specific and verified order from a foreign buyer and the loan must be made to support the order.

    • The goods or services must be shipped from Florida.

    • The maximum FEFC guarantee amount is 90% of the loan or $500,000, which ever is the lowest.

    • The maximum term for guarantee is one year.


    Federal guarantee programs that support export lending to small business

    FEFC will not offer financial assistance to companies that qualify for the Ex-Im Bank or the SBA Working Capital Loan Guarantee programs. Most likely reason for non-qualification for these federal government programs is lack of collateral, short time in business, lack of profitability, or poor financial conditions.


    Federal guarantee programs that support export lending to small business

    FEFC will issue a guarantee for 90% of a working capital loan made by a lender to an approved exporter up to a maximum liability to FEFC of $500,000. The guarantee is subject to certain conditions which the lender must adhere to.


    Important

    The most important are as follows:

    • The loan must be revolving.

    • Loan advances are not given to the borrower, only to a supplier and in payment of items required in order for the borrower to fill a qualified foreign order.

    • In some cases the borrower (sometimes the lender) must obtain trade credit insurance covering nonpayment by the foreign buyer. FEFC will help in obtaining such insurance.

    • All payment from the foreign buyer must be sent directly to the lender.

    IMPORTANT


    Federal guarantee programs that support export lending to small business

    The FEFC Guarantee may prevent a small business loan from being “Classified” by the bank regulators.

    FEFC


    Federal guarantee programs that support export lending to small business

    • Medium term (over 1yr.) loans commitments arranged on behalf of small Florida exporters$1,797,665,000

    • Export value of Political and Credit Risk Insurance arranged to support sales of small Florida exporters $ 248,800,000

    • Export value covered by FEFC loan guarantee commitments for small Florida exporters $ 393,731,000

    • Total value assisted (100% small business/approx. 72% minority and women owned)$2,440,196,000

    • Total for 2012 activities $ 48,970,000

    • Total Grants received (1993/2012) $12,590,000 Capital - $1,000,000 Operating Expenses$ 13,590,000

    • Net Worth of FEFC - 12/31/12$ 9,578,658

      Total number of seminars - 382

      FEFC seminar attendance - Exporters 13,074 - Bankers 2,498

    • FEFC Status - Non stock not for profit corporation with IRS 501(c)3 status

      13 Member Board of Directors (3 Government/10 Private Sector)

      Loan Defaults – 25 ($3,710,991 Net Loss)

    • Legislative Mandate - To increase job opportunities and income for residents of Florida by providing financial, technical, and consulting assistance to small and medium sized Florida companies in support of their export sales.


    Federal guarantee programs that support export lending to small business

    5.3

    70,000

    3,850


    Regulatory perspectives

    Regulatory Perspectives


    Federal guarantee programs that support export lending to small business

    Regulatory Benefits

    Portion of the loan guaranteed could receive a preferential capital risk weight under Part 325 of the FDIC Rules and Regulations.


    Federal guarantee programs that support export lending to small business

    Risk Issues

    Have the right people, policies, and procedures in place before entering a new business line.


    Federal guarantee programs that support export lending to small business

    Risk Issues

    Fully understand the guarantying agency’s requirements for underwriting, servicing, and liquidation processes.


    Federal guarantee programs that support export lending to small business

    Risk Issues

    Know your customer from the Credit Risk, Anti-Money Laundering, and Office of Foreign Assets Control (OFAC) perspectives.


    Risk issues execute proper due diligence prior to entering into any third party vendor relationship

    Risk Issues

    Execute proper due diligence prior to entering into any third-party vendor relationship.


    Federal guarantee programs that support export lending to small business

    Reference Material

    Supervisory Insights, June 2011 - SBA Lending: Insights for Lenders and Examiners

    http://www.fdic.gov/regulations/examinations/supervisory/insights/sisum11/examiners.html

    Small Business Lending Initiatives

    http://www.fdic.gov/consumers/banking/businesslending/index.html


    Federal guarantee programs that support export lending to small business

    Reference Material

    FIL-44-2008 - Guidance for Managing Third Party Risk

    http://www.fdic.gov/news/news/financial/2008/fil08044.html

    Bank Secrecy Act Guidance

    http://www.fdic.gov/regulations/examinations/bsa/index.html

    Jim Moschella, Examination Specialist [email protected]

    917-320-2542


    For further information

    Email us at:

    [email protected]

    FOR FURTHER INFORMATION:

    Check back with our website:

    www.fdic.gov

    • An archived version of this presentation

    • Links to agency websites

    • Additional resources


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