FDI Capital Receives a $10 Million Credit Accommodation for Export Financing from PEFCO to Support Small to Medium Sized Businesses
Washington, D.C. – FDI Capital, an affiliate of Interlink Capital Strategies, is announcing the approval of a $10 million credit accommodation from the Private Export Funding Corporation (PEFCO), the capital markets affiliate of the Export-Import Bank of the United States (EXIM). This funding gives FDI Capital the ability to better support the exports of often-underserved, small and medium-sized businesses at lower interest rates. The availability of lower interest rate loans, coupled with FDI Capital’s unique expertise in trade finance, should allow it to significantly grow its EXIM guaranteed loan portfolio, which currently stands at $10 million.
Mr. Brady Edholm, Managing Director at FDI Capital, stated: “Small business exporters frequently find it difficult to get the attention of banks to finance their overseas sales. FDI Capital, on the other hand, exclusively specializes in trade finance -- literally haven written the book (The Trade Finance Handbook). With EXIM support and PEFCO funding we are now competitively positioned as an industry leader in small business export finance.”
EXIM is the official export credit agency of the United States with a mission of supporting American jobs by facilitating the export of U.S. goods and services. EXIM fills in the financing gap for American businesses by equipping them with the financing tools necessary to compete for global sales. PEFCO assists U.S. exports by supplementing the financing available from commercial banks and other lenders. It provides a broad range of export finance programs as a direct lender and as a secondary market buyer of export loans. This credit accommodation is the first such agreement approved since 2014, demonstrating PEFCO’s commitment to small business and trust in FDI Capital.
FDI Capital is an affiliate of Interlink Capital Strategies, a 30-year-old Washington, DC-based financial advisory and management consulting firm focused on financial inclusion and sustainability in Emerging Markets. As a specialty lender, FDI Capital has Delegated Authority from EXIM to support small and medium-sized exporters, as well as holds a Master Guarantee Agreement to provide medium-term financing to importers of U.S. goods and services.