How To Use





Private Export Funding Corporation (PEFCO) was created in 1970 to assist in the financing of U.S. exports by supplementing the financing available from commercial banks and other lenders.

PEFCO is a private sector, tax-paying entity incorporated under Delaware law and headquartered in New York City. Shareholders include commercial banks, industrial companies and financial services companies. Ownership of PEFCO shares are restricted to institutions engaged in financing, producing or exporting U.S. goods or services.

PEFCO's Board of Directors includes senior managers from international lending institutions and officers of major exporting companies.

PEFCO management includes persons with significant experience in export finance and the programs of the Export-Import Bank of the United States (Ex-Im Bank), and in finance company management.

PEFCO is also assisted by an Advisory Board of international lenders, an Exporters' Council of representatives from exporting companies, and a Small Business Lender Council, a network of lenders that support Ex-Im Bank's outreach to small U.S. exporters.

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. Ex-Im Bank is entitled to representation at all meetings of PEFCO's Board of Directors, Advisory Board, Exporter's Council, and Small Business Lender Council.

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 issued by Ex-Im Bank.

PEFCO programs cover the entire range of the Ex-Im Bank-supported export finance continuum: short-term, medium-term, and long-term. Under our various programs, PEFCO support U.S. Exports as a:


(60 days to 1 year)

  • buyer of working capital loans


(1 to 7 years)

  • buyer of notes with floating and fixed interest rates
  • direct lender of loans with floating and fixed interest rates
  • buyer of notes with floating or fixed interest rates


(7 to 15 years)

  • direct lender of loans with fixed interest rates
  • buyer of notes with floating and fixed interest rates

Additionally, the PEFCO Small Business Initiative offers special programs to support loans that are not efficiently served under PEFCO's standard formats.

PEFCO uses several methods to fund its programs.

  • short-term commercial paper
  • long-term secured notes
  • long-term collateralized notes

All of PEFCO's debt instruments are rated by Moody's and Standard & Poor's. Current ratings are available on and