Programs
Medium-Term Facilities
PEFCO's medium-term facilities provide lenders and lessors with a dependable secondary market buyer of multi-year loans and leases financing the export of United States capital goods exports and services. PEFCO offers two medium-term facilities:
Guaranteed Note Facility
for notes guaranteed under an Ex-Im Bank medium-term guarantee (ECP MGA)
Guaranteed Lease Facility
for leases under an Ex-Im Bank medium-term guarantee (ECP MGA)
Stand-in Lender Facility: for lenders not able to make a loan directly
All Medium-Term Facilities have similar features.
- The lender is PEFCO's client. PEFCO does not purchase notes or leases from exporters.
- All PEFCO purchases are without recourse to the lender or lessor.
- PEFCO will purchase any note or lease structure acceptable to Ex-Im Bank, including financial leases.
- Note and lease amounts range from $10,000,000 to $100,000, and possibly smaller.
- PEFCO will purchase
- Single note, leases or portfolios
- New notes and leases or partially-repaid notes and leases
- Single-disbursement or multiple-disbursement notes and leases
- Buyer credits or supplier credits
- PEFCO interest rates can be floating (LIBOR + spread) or fixed (USTNote + spread).
- The lender typically retains full control over collection of payments, loan documentation, the Ex-Im Bank guarantee or policy, and the processing of claims. PEFCO holds the original note or lease. PEFCO will collect payments for an additional fee.
Small Business Initiative: The PEFCO Small Business Initiative is a direct result of our strong commitment to assist small business exporters (as defined by the U.S. Small Business Administration) in obtaining access to reliable lenders for financing their exports.
The cornerstone of the Small Business Initiative is the PEFCO Small Business Lender Council (the “Council”). The Council is a network of lenders committed to supporting Ex-Im Bank’s outreach to small business exporters. Members of the Council include banks and trade finance companies. Ex-Im Bank participates on the Council as an ex-officio member. The Council has two principal functions: as a funding source for small business exporters and as a forum where Ex-Im Bank can have frank discussions with lenders on subjects of common interest.
The Council’s dedicated website is located at: www.smallbusinesslenders.com
Medium-Term Guaranteed Note Facility
PEFCO Medium-Term Guaranteed Note Facility is a secondary market buyer of multi-year export Notes that are guaranteed against nonpayment by the Export-Import Bank of the United States ("Ex-Im Bank") under a medium-term comprehensive guarantee.
Eligible Loans
PEFCO will purchase any loan structure acceptable to Ex-Im Bank.
- Interest rates that can be floating or fixed
- New or existing loan (including partially repaid)
- Single loan or portfolios
- Per-note $10,000,000 maximum (excluding Ex-Im bank fees)
- Repayment up to 7 years (up to 18 years for environmental exports)
Eligible Lenders
PEFCO will purchase Notes from any Lender with a master guarantee agreement and that is experienced in structuring and financing Ex-Im Bank Loans. PEFCO does not purchase Notes directly from exporters.
PEFCO Purchase
PEFCO purchases the guaranteed principal amount of each Note (without discount or premium) without recourse to the Lender. All purchases are completed after the Lender has disbursed and the guarantee has been issued (i.e., "Approved" on the ECP History page).
Purchase Document
The PEFCO purchase document is a Master Guaranteed Loan Purchase Agreement that governs all purchases.
PEFCO requires the personal guarantee of majority owners of non-regulated and/or privately-held lenders.
Loan Servicing
The Lender retains full control over Note servicing, documentation, the guarantee and claims. PEFCO holds the original Note. PEFCO will collect rents for a fee.
Interest & Fees
A schedule of interest rates and fees is available from PEFCO.
Special Programs
PEFCO offers several programs to meet specific needs. (See Medium-Term Initiatives in the Small Business Initiative section.)
Medium-Term Guaranteed Lease Facility
PEFCO Medium-Term Guaranteed Lease Facility is a secondary market buyer of multi-year export Leases that are guaranteed against nonpayment by the Export-Import Bank of the United States ("Ex-Im Bank") under a medium-term comprehensive guarantee.
Eligible Loans
PEFCO will purchase any lease structure acceptable to Ex-Im Bank.
- Interest rates that can be floating or fixed
- New or existing leases (including partially repaid)
- Single leases or portfolios
- Per-Lease $10,000,000 maximum (excluding Ex-Im bank fees)
- Repayment up to 7 years (up to 18 years for environmental exports)
Eligible Lenders
PEFCO will purchase Leases from any Lessor with a master guarantee agreement and that is experienced in structuring and financing Ex-Im Bank Leases. PEFCO does not purchase Leases directly from exporters.
PEFCO Purchase
PEFCO purchases the guaranteed principal amount of each Lease without recourse to the Lessor. All purchases are completed after the Lender has disbursed and the guarantee has been issued (i.e., "Approved" on the ECP History page).
Purchase Document
The PEFCO purchase document is a Master Guaranteed Lease Purchase Agreement that governs all purchases.
Loan Servicing
The Lessor retains full control over Lease servicing, documentation, the guarantee and claims. PEFCO holds the original Lease. PEFCO will collect Lease Rents for a fee.
Interest & Fees
A schedule of interest rates and fees is available from PEFCO.
Special Programs
PEFCO offers several programs to meet specific needs. (See Medium-Term Initiatives in the Small Business Initiative section.)