Drawing on a government program aimed at promoting exports, preexport loans with EGAP insurance serve for financing the production stage of specific export contracts.
If you meet the requirements of the law defining small and medium enterprises, you can also profit from a program supporting the SME business sector and receive a preexport with EGAP insurance from LBBW Bank CZ a.s. more easily and rapidly than before.
Advantages of preexport financing:
- fast and flexible provision of funds for financing production thanks to the client's combined financial rating between LBBW Bank CZ a.s. and EGAP*
- standard insurance contracts between LBBW Bank CZ a.s. and EGAP, communication via the Internet*
- elimination of payment risks faced by the buyer through a suitable hedging instrument
- transparent and detailed monitoring of the cost of individual orders
- financing of one-time contracts and framework agreements
* Applies to small and medium enterprises
Secure funds for financing production from LBBW Bank in a timely fashion!
How can you obtain a preexport loan?
The prerequisite for obtaining financing is signing a contract with a foreign buyer, calculating the production costs, and obtaining a guarantee securing payment for the exported goods (for example documentary letter of credit, bank guarantee, EGAP insurance, etc.).
How can you use a preexport loan?
You will receive up to 85% of the contract value before the payment for the exported goods comes due. The loan will allow you to pay for production costs related to an order, such as:
- cost of purchasing supplies and raw materials
- direct salary costs
- overhead costs
Our services include:
- issue of payment guarantees to your suppliers
- payment of supplier invoices
- issue of import letters of credit
- reduction of risks faced by foreign buyers
What is the standard at LBBW Bank CZ a.s.?
- individual approach to every client
- professional consulting during the preparation of your business contracts and commercial conditions
- consultations with top specialists in the area of documentary transactions and guarantees
- comprehensive advisory services
