As the world marketplace continues to grow and evolve, today’s international businesses must be ready for the expanding opportunities and risks associated with transacting business around the globe. Vectra Bank offers a wide range of global trade services to assist our clients in meeting these challenges and mitigating the associated risks.
Delivering Working Capital Solutions
Dependable sources of working capital are the key to a company’s growth and stability. Vectra Bank uses the EXIM Bank Working Capital Guarantee Program to support the export of U.S. goods and services. As one of ten Fast Track Delegated Authority lenders in the U.S., Vectra Bank has the experience to deliver this unique financing solution. We provide our customers with the financing and other global solutions necessary to grow international sales and compete more effectively in the international marketplace.
- 2018 EXIM Working Capital Rankings- #5 in the U.S.
- EXIM certified lenders
- Ability to commit up to $10MM per borrower under Delegated Authority and $25MM under Fast Track
- Twice elected to serve on EXIM Advisory Board (2015 & 2020)
- 20+ years of experience with EXIM Bank
Maximize Borrowing
| Traditional RLOC Advance Rate |
EXIM RLOC Advance Rate |
||
|---|---|---|---|
| Direct Export | Indirect Export* | Direct & Indirect Export | |
| Export Accounts Receivable Open Account Concentration Limits |
0% NA |
80% 20% |
90% None |
| Export Inventory Raw Materials Work-in-Process Finished Goods |
0% 0% 0% |
0% 0% 50% |
75% 75% 75% |
| L/C Collateral Requirement | 100% | 100% | 25% |
*Indirect exports supported (a product or service sold to another US. Company that is ultimately exported)
For questions or to learn more about Vectra Bank’s EXIM Bank Working Capital Financing, please contact Mark Garfield or complete the form below.
Mark Garfield
Senior Vice President, Regional Manager, Global Trade Solutions
801–844–7688
Mark.Garfield@zionsbancorp.com
OTHER GLOBAL BANKING SOLUTIONS
Vectra Bank has a department dedicated to providing foreign currency and trade finance options for business clients.