With 96% of the world’s consumers living outside of the U.S., it makes sense for businesses to seek growth through global markets. However, many small businesses that are new to exporting do not know where to begin. To help these businesses, the San Diego District Office of the U.S. Small Business Administration hosted a free workshop on the benefits of exporting and the resources available to help them successfully expand into the global marketplace. The workshop featured three topics for new to export businesses: Exporting 101, SBA International Trade Financing, and How the Export-Import Bank Can Help You.
After opening remarks by Ruben Garcia, District Director for the SBA’s San Diego District Office, CITD Director, Victor Castillo, presented the Exporting 101 topic and provided information and resources available to businesses to help them get started in international trade. To address a common hurdle small businesses face when looking to export their products, Martin Selander, Regional Manager of the SBA Export Solutions Group in Newport Beach, talked about SBA guaranteed financing programs that can provide businesses with working capital to facilitate export transactions. Sandra Donzella, Regional Director for EXIM Bank, then finished off the workshop with information on programs available through EXIM that help businesses extend credit terms to foreign customers and insure payment for exported goods.
This event was the first in a series of three export workshops that will be hosted by the SBA. The next workshops will be held in Escondido and San Ysidro.