Export Working Capital Program

Definition

The Export Working Capital Program is a government-backed initiative designed to provide short-term working capital to exporters. It assists companies in financing the entire export cycle, from purchasing raw materials to shipping finished products.

Related terms

Working Capital:

The funds a business requires for its day-to-day operations and for financing the gap between purchasing inputs and receiving cash from sales.

Export Credit Agency (ECA): A financial institution or agency that provides trade financing solutions like insurance and guarantees for domestic companies’ international export operations.

Trade Finance:

Financing arrangements that businesses use to facilitate international trade and commerce, including letters of credit, export credits, and factoring