International Steel Span® Buildings Financing

International Steel Span working together with The Export-Import Bank of the United States (“Ex-Im Bank”) is making available attractive medium-term dollar financing to non-U.S. buyers of world-class pre-engineered steel building equipment and systems.

Benefits to you:

Attractive interest rate: LIBOR + 2%-3% (on average)
Financing extended directly to you without a local bank guarantee
Credits without guarantees or collateral
Terms of up to five years and longer to repay the loan
Additional financing source eliminates the need for your local bank lines
Up to 30% related local costs may also be financed

Eligible Imports:
All kinds of ISS equipment and systems

Loan Amount: From $350,000 and up

Financed Amount: Up to 85% of the sales contract or 100% of the U.S. content of the equipment and/or services.

Down payment: At least 15% of the total contract made by the importer to International Steel Span.

Terms: Up to five years and longer.

Repayment: Principal and interest are repaid in semi-annual installments.

Interest Rate: You may choose a variable rate plus a negotiated spread or a fixed rate.
The variable rate is based on six-month LIBOR, an international widely published rate.

Ex-Im Bank Risk Premium: It depends on the applicable terms and conditions, and country risk.
For a five-year credit, this one time premium is currently between 1.7% and 5.8%. it may be financed as well, and spread over the term of the financing.

Bank Fees: They vary but are always within international standards.

Loan Documentation: A simple agreement with annexes and a promissory note according to Ex-Im Bank requirements.

Required Information to Accompany Your Loan Request:

Complete Financial information for the last three fiscal years with notes.
If the financed amount exceeds U.S. $1 million, the financial statements must be audited.
If the fiscal year has ended six months before the loan request, interim financial statements are required.
The financed amount should not exceed 40% of the net worth of the company.
The company should report profits for the last two years.
Bank and trade references.
A copy of the purchase order(s) to USNR with a description of the equipment to be imported.

*Please note that all loans are subject to the approval of the Ex-Im Bank, ISS, and its Bank. The loan terms and conditions may change.

For more information, please contact:

International Steel Span Buildings