Lenders must understand that EX-IM Bank's and SBA's working capital guarantees only cover a lender from the exporter's default.
The primary differences between EX-IM Bank's and SBA's working capital guarantees are coverage amounts and costs.
As previously stated, neither EX-IM Bank nor SBA operate aid programs and both expect the exporter to repay the lender.
Juliet Reising, Verso's chief financial officer, commented, "The increase in borrowing capacity of up to $10 million, and the inclusion of the EX-IM
facility provides the company additional resources to finance growth in the business.