International Trade Loans (ITL) are loans offered by the Small Business Administration (SBA) to help small businesses that engage in international trade. The SBA partners with financial institutions to provide ITLs that can be used to finance various activities such as export transactions, expansion of export operations, and development of international markets.

The purpose of the ITL program is to provide financing that is specifically tailored to the needs of small businesses engaged in international trade. The loans are designed to help businesses improve their competitiveness in the global market by providing them with the necessary capital to meet the challenges of international commerce. This can include financing for export-related expenses such as working capital, inventory, and equipment purchases, as well as financing for the development of overseas markets.

ITLs are available to small businesses that meet certain eligibility requirements, including having a business that operates primarily in the United States and engages in international trade or is planning to do so. The maximum loan amount is $5 million, and the loan can be used to finance up to 90% of the cost of the project. The interest rates on ITLs are generally based on the prime rate and may be variable or fixed.

One of the unique features of ITLs is that they can be structured to meet the needs of specific transactions. For example, a loan may be structured as a revolving line of credit to finance ongoing export activities, or as a term loan to finance a specific project. ITLs can also be combined with other SBA loan programs, such as the SBA's Export Working Capital Program, to provide additional financing options.

In addition to providing financing, the SBA also offers resources and services to help small businesses navigate the complexities of international trade. This can include counseling and training on topics such as export documentation, trade finance, and market research.

Overall, the International Trade Loan program provides an important source of financing for small businesses engaged in international trade. By providing access to capital and resources, the program helps these businesses to compete in the global market and grow their operations.