Tpcc Report Hearing Before the Subcommittee On the Development of Rural Enterp
Tpcc Report Hearing Before the Subcommittee On the Development of Rural Enterp
Exports United States Congress House Committee On Small
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When I talk about trade finance, I am talking about financing the exports of 104, 564 companies who make direct export shipments to unrelated customers, and not as part of a project. State/Local Financial Entities The State/Local Financial Entities discussion, also in the TPCC s Trade Finance Section, is one essentially of delegated authority. That is, to what extent will the Eximbank delegate the authority to commit money? The TDCC report neatly side-steps th e relevant issues. The phrase "cur...rently active in only a few states" (p. 51) should be the clue that the city/state program is not an overwhelming success. Typically, results are announced in dollar terms. When one finds out how many hundreds of loans have been approved for a base of 104, 564 exporters, you get a truer measure of how ineffective the Eximbank state/local initiative has been. According to the TPCC report, the Working Capital Guarantee Program for loans of under $750, 000, the size relevant to small exporters -- more importantly, to 90% of all exporters — is being transferred to SBA.
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