CEFO administers three types of guarantees, with all three guaranteeing 90-percent of a loan.
Last April CEFO enhanced services, by consolidating and simplifying the fee structure exporters pay to get a loan guarantee.
Since its creation in 1985, CEFO has guaranteed more than $324 million in loans to California exporters.
helps small- and medium-sized businesses acquire working capital to finance their export transactions that would otherwise strain their cash flow.
According to the CEFO, General Bank and other banks receiving the award have ``enabled the Golden State to gain a strong foothold in the emerging markets of the 21st century.
Besides the CEFO program, General Bank offers loans through SBA and Eximbank guarantee programs.
CEFO provides loan guarantees to financial institutions on behalf of California companies to secure export transactions.
The CEFO guaranteed revolving line of credit enables the company to obtain the necessary working capital to produce sub-miniature lighting devices and to carry foreign receivables from Motorola.