UK Export Finance invites partners to help deliver £3 billion of export credit loans

(Business Credit Management, London, 5 September 2014) UK Export Finance, the UK’s export credit agency, is inviting partners to apply to help it deliver £3 billion of export credit loans as part of its enhanced direct lending facility. The government department, which during the last five years has provided over 1,500 guarantees and insurance policies with an exposure value in excess of £14 billion, is setting up a panel of suitably qualified partner banks and/or financial organisations to help arrange and administer the direct lending facility (DLF) export credit loans. Under the DLF, UK Export Finance (UKEF) will provide loans to overseas buyers in order to finance the purchase of goods and services from UK exporters. Loans are available to cover new international sales by any business exporting from the UK, to any country where UKEF medium term cover is available, and can be made in Sterling, US Dollars, Euro or Japanese Yen.