3245-AI07 202310 The Regulatory Plan and the Unified Agenda of Federal Regulatory and Deregulatory Actions 3245 Small Business Administration SBA Export Working Capital Program

SBA will publish a notice of proposed rulemaking to enhance the Export Working Capital Program (EWCP).  The revisions concern (1) increasing the maximum maturity on an EWCP loan from 3-years to 5-years; (2)  changing the regulations to allow EWCP loan proceeds to be used to finance export transactions or support companies who engage in export transactions by providing working capital against their accounts receivable and inventory; (3) allowing use of proceeds for asset-based working capital secured by inventory and accounts receivable; (4) including a de minimis amount of domestic accounts receivable (not to exceed 30%) for EWCP loans used as an asset based line of credit; (5) allow Applicants to submit projections to support the need for facilities supporting pre-shipment working capital; (6) revise the unique requirements for the EWCP to align with industry standards for asset based lending.

]]> Substantive, Nonsignificant First Time Published in The Unified Agenda Proposed Rule Stage No No 13 CFR 120.340 13 CFR 120.341 13 CFR 120.342 13 CFR 120.343 13 CFR 120.344 15 U.S.C. 636(a) No NPRM 01/00/2024 Yes Businesses None No No Yes No Daniel Pische National Director of Trade Finance, Office of International Trade 3245 Small Business Administration SBA 202 321-5666 daniel.pische@sba.gov 409 Third Street SW, Washington DC 20416