The Small Business Administration (SBA) recently announced plans to form a partnership with the International Trade Finance Association (ITFA) to help small business exporters access the funds they need to become successful. This new alliance could benefit many small business owners in the export industry.
What is ITFA?
The International Trade Finance Association (ITFA) is an organization that provides training and resources to exporters who are looking to enter the international market. ITFA also works with banks to help find financing for businesses that want to export.
What Does SBA Offer?
The Small Business Administration (SBA) provides access to capital, mentoring, and business advice. The SBA also has loan programs, such as the Export Express Loan Program and the Export Working Capital Loan Program, which can provide businesses with the funding they need to export their products and services abroad.
Benefits of the Partnership
This partnership between the SBA and ITFA will combine the resources of both organizations to help more small business exporters access the capital and training they need to become successful in the global market.
The benefits include:
- Access to capital: The partnership will bridge the gap between small business exporters and funding sources.
- Training and resources: The SBA and ITFA will collaborate to provide exporters with the training and resources they need to become successful in the global market.
Conclusion
The new alliance between the SBA and ITFA provides small business exporters with access to the funds and resources they need to succeed. The partnership could be a great opportunity for businesses looking to grow their business in the global market.
