Small Business Exports Receive Boon from Jobs Act

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The Small Business Jobs Act, signed into law Sept. 27, has stepped up the Small Business Administration (SBA)’s ability to help small business exporters by providing higher loan limits, the agency announced. So far, the SBA has made nearly $110 million in export-related loans to small businesses as of Dec. 31.

The act raised SBA 7(a) export-related loan limits to $5 million. The SBA helps small business exporters through three different export loan programs: Export Express, Export Working Capital Loan and International Trade Loan.

Small- and medium-size companies that have less than 500 U.S. employees play a significant role in U.S. exports, generating $65 billion in exports annually (13 percent of total U.S. exports), according to the U.S. International Trade Commission (ITC). The key barrier to greater export activity in this sector is access to capital, the ITC said in a recent report.
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