03/15/2021 - Special Issue: NorthBranch Works Loan Program - Using Export Working Capital for Purchase Order Financing - Webinars: Doing Business with Argonne & Fermi, Taking Vet-Owned Businesses Global
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Virtual Seminar
Argonne National Laboratory, FermiLab
March 17, 2021, 10 AM to Noon
During their last fiscal year, to support scientific and technical research, two Chicago-area national laboratories, Argonne and Fermilab, spent over $230 million with small businesses.
Those dollars represent thousands of contracting opportunities for small businesses. Both are looking to expand their base of responsible and reliable small businesses who can deliver high-quality goods or services, on time and at a fair and reasonable price.
To help small businesses better understand what’s involved in working with Argonne and/or Fermilab, join their virtual seminar March 17th.
Attendees will hear firsthand from the laboratory directors, chief financial
officers, and procurement specialists to learn about...
- Upcoming contracting opportunities
- Best practices for delivering a strong proposal
- The overall process for becoming a supplier
Register for this seminar if you are a small business, as defined by the U.S. Small Business Administration, and provide goods or services in the following areas:
- Construction, Architecture, & Engineering Services
- IT Services, Hardware, & Software
- Laboratory Equipment, Supplies, & Electronic Components
- Sheet Metal & Metal Fabrications
- Professional Services
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Webinar
Taking Veteran-Owned Businesses
into the Global Marketplace
Wednesday, March 24, 2021 - 1:30 - 3:30 PM
U.S. veterans have unique experiences and contact networks that can help facilitate global sales success. Additionally, companies engaged in international trade earn higher revenues, employ more, and stay in business longer than those that do not.
veteran-owned small business exporters, including...
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Causal Design, a Service-Disabled Veteran-Owned Small Business providing economic research and policy analysis to foreign governments, NGOs, and private firms in over 30 countries.
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Aeroforce Logistics, a Women-Owned, Service-Disabled Veteran-Owned Small Business exporting aircraft parts, industrial parts, tooling and troop support equipment to Afghanistan , Singapore, United Kingdom, Poland and Canada.
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Nasoni, a Virginia-based client of the Old Dominion Veteran Business Outreach Center (VBOC) exports innovative, water-saving bathroom faucets to Canadian and Mexican markets.
Learn about
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Strategies for launching or expanding your global sales
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Information on the "Vets-Go-Global" webinar series that walks businesses and small business counselors through exporting basics
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SBA international trade resources available to facilitate global market success, including grant programs to support global expansion.
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If you don't see the IBC Coffee Cup at the end of the eNews,
be sure to click on: "Message clipped - View entire message" to see entire issue..
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Michael Goldstein - (773)504-1200
CURRENTLY FOR LEASE
Hard-to-find, inexpensive space in Chicagoland.
500' to 160,000 sf - Short & Long Term Leases
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Click on addresses for details & interior photos. For pdf of currently
available space in all properties, click here or call (773)504-1200
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North Branch Works Seeks Applicants
for its Low-interest Business Loan Fund
North Branch Works has a low-interest business loan fund to make loans of up to $25,000 to startup businesses and up to $50,000 to existing companies. To learn more about program requisites click here to view/download a pdf.
If you have questions, or interested in applying,
Contact Steve Simmons, NBW's Director of Business & Economic Development
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Product Highlight
Using Export Working Capital Program
As a Purchase Order Financing Supplement
As American Small Businesses emerge from the pandemic, a Purchase Order supplement to their credit line may be the solution necessary to help them get back on track. The
Export Working Capital Program (EWCP) is best known for its flexible working capital offerings. At its core, EWCP is an Asset-Based structure that supports a range of financing options from Purchase Order through traditional ABL.
One of the most potent uses of the EWCP is a combination of an Asset-Based Line of Credit with a second supplemental Purchase Order facility. Take the example of an exporter utilizing an EWCP loan for its primary working capital needs, who's bidding on a new contract. Suppose the liquidity of the primary EWCP facility is not sufficient to support the new contract and related vendor payments, the lender can extend a second EWCP facility on a purchase order basis with the following benefits:
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Advances on that facility are limited to the new contract alone, leaving the regular assets to support the primary line.
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This supplemental loan allows the exporter the ability to access working capital to support the initial vendor payments.
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Once the exporter has built their accounts receivable base under the contract, the orders can be integrated into the primary ABL line, and the supplemental EWCP retired.
to help and advise lenders and borrowers on how a Purchase Order EWCP line
can help exporters onboard a new contract and other innovative uses of the
SBA's export loan programs.
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of Commerce and the Export-Import Bank of the United States
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Click here to access a real estate inventory of industrial and commercial properties, and land for sale or lease. Agents and brokers are invited to send their listing for inclusion.
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