Patrick Hayes
Export Finance Director East at U.S. Small Business Administration
Based in Cleveland, United States
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Seniority
Director
Department
Other
Location
Cleveland
Industry
Government Administration
Company size
7.1K
Contact information
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p•••••••@sba.gov
Phone
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Background
About Patrick Hayes
Providing Exporters with access to financing in order take advantage of international sales opportunities. SBA provides lenders a 90% guaranty on Export Working Capital Lines of Credit. Benefits include up to 90% advance on foreign A/R; up to 75% advance on inventory (including WIP). Standby LCs for export purposes with 25% collateral. 100% foreign purchase order financing is also available. Goods and services must be shipped out of U.S. but no specific US content percentage requirement. 25 bp upfront fee, ten day turnaround. My motto "Don't lose a viable export transaction due to a lack of working capital"
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