The $5 million trade finance loan to Banco BHD will be used to provide financing to small and medium-size Dominican companies for foreign trade activities such as exporting and importing, as well as for working capital related to import-export operations. Banco BHD will onlend the trade finance loan proceeds to private companies that have assets or net annual sales of less than $35 million and operate in the export, trade, manufacturing, and service industries.
The IIC loan will help finance operations ranging from $10,000 to $500,000. This transaction is expected to benefit between forty and eighty small and medium-size companies. The proposed transaction is in line with the Corporation’s efforts to provide trade finance in the Dominican Republic, where this type of financing is not easy to obtain.
Banco BHD S.A.
United States Dollar