May is International Trade Month! SBDC helps you tap into resources to sell abroad!

Did you know that May is International Export Month? As we celebrate this important time, many of our Wyoming exporters are discovering the invaluable resources offered by the SBDC, the University of Wyoming, and the Wyoming Business Council. We’re especially grateful for our amazing resource partner, EXIM Bank, which helps alleviate the financial risks associated with exporting. Thank you, EXIM Bank for your continued support and for proving great insight for this months biz tip!

Alexis Bascombe, Business Development specialist at EXIM bank does a great job of elaborating on this opportunity: “Did you know that 95 percent of the world’s consumers are located outside of the United States? For businesses, that represents a huge opportunity to expand and reach new markets around the globe. Within the last several years, more than 400 businesses in Wyoming have exported over $2.2 billion worth of goods. The Export-Import Bank of the United States (EXIM) is proud to help some of these businesses as they navigate the uncertainties and risks associated with exporting. EXIM is the nation’s official export credit agency with the mission of supporting American jobs by facilitating the exports of U.S. made goods and services.”

What does this mean for your business? It means that Wyomings businesses are already finding success in exporting, and you could be too! Sometimes the fear of the unknown, especially when it comes to getting paid by buyers overseas can be scary, but it doesn’t have to be! EXIM offers a wide range of support options, including:

• Export credit insurance that covers international receivables and can protect against the risk of not getting paid, allowsbusinesses to offer attractive credit terms, and expands a company’s borrowing base.

• Working capital loan guarantees that help U.S. exportersunlock cash flow to fulfill export orders on international sales contracts.

• Loan guarantees that assist creditworthy foreign buyers inobtaining loans to finance the purchase of U.S.-made capital equipment.

• Direct loans that help companies secure financing for their international buyers.

The SBDC provides no-cost, confidential consulting for every step (including international trade) of your business journey! For more info on the SBDC, or to connect with a consultant in your area, click here!

Bascombe, Alexis. “International Trade Biz Tips.” Received by Kenny Overby, 15 Apr. 2025.