Ex-Im Bank Financing Program (Latin America)
The global economy is rocky. You've had to struggle to keep your business steady in the face of market instability. You want to invest in a Cisco network to help you compete more aggressively in today's market, yet you may have had difficulty obtaining financing for your purchase because your credit history may not be as clean as most banks want or you are in a "high risk" country. As your financial partner, Cisco Capital doesn't just look at what you have done in the past-we also look at what you can do in the future. Let us help you build your business to where it should be-with the Ex-Im Bank Financing Program, which offers low-rate, long-term financing to help you get the network you need to assure future success.

How it Works
The Export-Import Bank of the United States is an independent agency of the United States to promote export of goods manufactured in the United States. Ex-Im financing is most appropriate for transactions which require financing of one year or longer, where it is difficult for the customer to obtain competitive financing by conventional means. The Ex-Im Bank offers financing to companies located in high-risk countries or who have been labeled poor credit risks. Eligibility is determined by Ex-Im, and varies over time in both the public and private sector. Most countries in Latin America are eligible, including Argentina, Chile, Colombia, Costa Rica, Mexico, Peru, Uruguay, and Venezuela. Bolivia and Brazil are only open for private sector transactions.

Since the Ex-Im Bank application process requires extensive documentation and guarantees, it is most useful as a "last resort" financing option. Ex-Im finances up to 85 percent of the invoice price or US-made content, whichever is less, so is frequently used in conjunction with other finance vehicles to cover the ineligible portion of a purchase (such as local import taxes). Cisco Capital assists in purchases of Cisco equipment only.

• Longer terms-with a year or more to pay, companies can manage their cash flow
• Competitive rates-so companies can afford large financing and avoid paying high local interest rates
• Access to high-risk countries-Ex-Im finances deals to countries (such as Colombia or Brazil) where both local interest rates and default risk are high
• Strengthen credit rating-companies who have been labeled poor credit risks can use Ex-Im financing to build a stronger credit rating

A shipping company in Brazil with a poor credit rating wants to install a $1 million Cisco network between all its distribution points to enable more accurate and competitive service. They cannot afford the crippling finance rates at the local banks, so they turn to Cisco Capital for help. Cisco Capital assists them with obtaining an Ex-Im bank loan to finance 85 percent of the transaction. The company pays the unfinanced portion in cash. Ex-Im offers a three-year term at a low interest rate, so the shipping company can afford payments, manage its cash flow, and improve its credit rating.

For more information, contact Cisco Systems Capital Corporation at:
Tom Mace, Manager, Financial Services Americas International
Phone (408) 853- 8681	Fax (408) 526-4330 (in U.S.A.)	Email: tmace@cisco.com