Risk. It’s a four-letter word that everyone has a different tolerance for. It is currently on everyone’s minds given the measures we are taking to mitigate the health risks of COVID-19.
Risk is also something that entrepreneurs and business leaders have to manage every day. They seek to understand it and measure it and balance it with the potential for reward. Unfortunately, however, risk is also something that frequently prevents companies from attempting to make international sales, profiting from the huge global market – 95% of the world’s consumers live outside our borders – and benefiting from the sterling reputation for quality and innovation that U.S. manufacturers enjoy abroad.
Fortunately, the federal government understands the special nature of risks your business faces when selling abroad. EXIM Bank and SBA are committed to helping you export fearlessly and offer a suite of programs to help you compete on a level playing field when making foreign sales.
CFITO is pleased to invite you to join with two local representatives – Elena Mendez of EXIM and Sandro Murtas of SBA – who will help you understand the export finance, payment protection and working capital loan programs they offer. The FREE – my favorite four-letter word! – Export Financing in Challenging Times webinar will take place on August 26 at 11 a.m. – see more below.
I am also pleased to announce that we are breaking ground again in this newsletter with our first message from one of CFITO’s key local supporters! I invite you to read the piece below from the Orlando International Airport about changes to how they are open for business and ready to help you embark on – and return from – your travels safely and comfortably. The role that MCO plays in facilitating business is well-known and understood, but it bears repeating that having one of the nation’s busiest airports in the country helps Orlando punch above its weight. The airport plays an especially important role in international trade, given how they help not only to connect your executives and sales force to your customers around the world, but also to move your time-sensitive shipments to market swiftly & securely. So let’s all do our best to support our hometown airport as they navigate these turbulent times for the air travel industry.
I look forward to joining with you on our export financing webinar on August 26.
In the meantime, stay healthy, safe, and positive of mind!
Program Manager, Central Florida International Trade Office