Trade and project financing in Turkey can be a deal maker – or breaker – for American firms. For a number of factors, Turkish banks are sometimes hesitant to lend into projects or offer exacting terms and conditions to local importers, thus creating a sweet spot for American exporters and financial institutions.
American exporters should come prepared to speak about payment terms when meeting with new Turkish partners and include a full range of options, from 30/60/90/120-day credit terms to export credit insurance – an affordable but often overlooked way to secure payment of receivables while mitigating risk. Open account terms are not recommended until Turkish partners have demonstrated an ability to pay in full, on time, and over an extended period.
The U.S. Commercial Service in Turkey maintains strong relationships with local and U.S. banks as well as the Ex-Im Bank, OPIC and USTDA to provide finance to qualified American firms helping them to compete and win in Turkey.
For more information on these programs, please contact our Commercial Assistant Ceren Cetin.
Ex-Im Bank is the official export credit agency of the United States. Its mission is to assist in financing the export of U.S. goods and services to international markets.
Ex-Im Bank enables U.S. companies—large and small—to turn export opportunities into real sales that helps to maintain and create U.S. jobs and contribute to a stronger national economy.
Due to a lapse in EXIM Bank’s authority, as of July 1, 2015, the Bank is unable to process applications or engage in new business or other prohibited activities. For more information, you can visit the website of Ex-Im Bank.
OPIC is the U.S. Government’s development finance institution. It mobilizes private capital to help solve critical world challenges and in doing so, advances U.S. foreign policy. Because OPIC works with the U.S. private sector, it helps U.S. businesses gain footholds in emerging markets catalyzing revenues, jobs and growth opportunities both at home and abroad. OPIC achieves its mission by providing investors with financing, guarantees, political risk insurance, and support for private equity investment funds.
For more information, you can contact Faruk Kahraman at the following address:
113 Barksdale Professional Center
Newark, DE 19711, USA
Tel: (302) 309-9176
Cell:  (532) 283-8330
USTDA’s mission is to help companies create U.S. jobs through the export of U.S. goods and services for priority development projects in emerging economies. USTDA links U.S. businesses to export opportunities by funding project planning activities, pilot projects, and reverse trade missions while creating sustainable infrastructure and economic growth in partner countries.
USTDA provides grant funding to overseas project sponsors for the planning of projects that support the development of modern infrastructure and an open trading system. The hallmark of USTDA development assistance has always involved building partnerships between U.S. companies and overseas project sponsors to bring proven private sector solutions to developmental challenges.
Please contact Heather Lanigan at USTDA for more information.
SBA dedicates its energy and resources to providing support to small businesses and small-business owners across the nation. Since its inception nearly sixty years ago, SBA has helped millions of small business owners by providing the financial support, contracts, counseling and other forms of assistance they need to succeed.
SBA's programs now include financial and federal contract procurement assistance, management assistance, and specialized outreach to women, minorities and armed forces veterans. SBA also provides loans to victims of natural disasters and specialized advice and assistance in international trade.