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(+1) 718-5225575
The funds are dispensed directly by SIMEST, they do not pass through banking channels and therefore do not enter a credit bureau.
How are the funds dispensed?The company’s finances are classified according to the parameters dictated by SIMEST. This is the first step in determining the maximum amount that SIMEST will finance.
Reclassification of Financial StatementsOnce the amount that can be financed has been determined, it’s necessary to outline which activities are to be carried out in the American market.
Initial Briefing with the CompanyFrom market analysis to the opening of retail structures, from TEM [temporary export manager] services to consulting activities.
What costs do they cover?This document will be the foundation of the SIMEST loan application.
Project Write-UpApproval of the project takes between two and four months and SIMEST dispenses 50% of the total loan amount at the time of approval.
What is the timeframe?SIMEST covers the costs and expenses of the project for up to 24 months after it has been approved, but costs are eligible starting from the presentation of the application.
How long can a project last to be financed by SIMEST?Once the project is complete, the formal application is submitted to SIMEST.
Presentation of the ApplicationExportUSA supports and assists the company during the application approval process.
Approval AssistanceExportUSA.
Who handles the accounting?ExportUSA assists the company in its relationship with SIMEST during the development of the project, all the way to final accounting stage.
Project Development and Accounting