Private Export Funding Corporation (PEFCO)

280 Park Ave.
New York, NY 10017
Tel: 212-916-0300
Fax: 212-286-0304  http://www.pefco.com

The Private Export Funding Corporation (PEFCO) was created in 1970 to assist in the financing of U.S. exports through the mobilization of private capital as a supplement to the financing available from commercial banks and other lenders.  PEFCO is a private sector, tax-paying entity incorporated under Delaware law.  Shareholders include commercial banks, industrial companies and financial services companies.  Ownership of PEFCO shares is restricted to institutions engaged in financing, producing or exporting U.S. goods or services.  PEFCO was established with the support of the United States Department of the Treasury and Ex-Im Bank.  Ex-Im Bank cooperates with PEFCO through a variety of agreements and maintains a broad measure of supervision over PEFCO's major financial management decisions.  

PEFCO achieves its objectives by offering a broad range of financing programs as a direct lender and as a secondary market buyer of loans that finance the export sales of U.S. goods and services and that are originated by lenders (PEFCO does not buy loans from exporters).  To be eligible for financing by PEFCO, all loans must be protected against nonpayment under an appropriate guarantee or insurance policy issued by the Export-Import Bank of the United States (Ex-Im Bank) or for certain small business export loans under a guarantee issued by the Small Business Administration (SBA).