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International Banking Services

Bremer Bank offers a wide range of international services to meet the needs of businesses of all sizes, including corporations, farms and agribusinesses. Our international partnerships with government entities, private insurance brokers/consultants and international correspondent banks allow us to offer the expertise and solutions you need to meet the challenges of the global marketplace. Contact us today for more information on these international banking solutions.

Instantly establish your credibility with vendors and service providers by relying on Bremer Bank to advise a Letter of Credit if you are an exporter or issue a Letter of Credit if you are an importer. Each Letter of Credit is backed with the reputation and credit strength of Bremer Bank, ensuring your business partners will receive payment if specific conditions are met. Bremer Bank issues standby and commercial letters of credit both domestically and internationally.

Import Letter of Credit
We understand your needs for prompt issuance of letters of credit, and work with our clients on documentary requirements to clear the merchandise through U.S. Customs. If needed, your Bremer Bank representative will make contact with your vendors or service providers on your behalf to assist with the transaction.

Export Letter of Credit
Bremer Bank reviews the Letter of Credit when received, answering your questions, discussing the flow of the documents and payment, then suggests any changes, if necessary, to help protect your interests. Bremer Bank can work with you to evaluate programs to meet your export financing needs.

Standby Letter of Credit
These instruments are sometimes issued to fulfill the requirements of a surety bond, performance bond, warranty guarantee, cash deposit or the backing of an open account sale. This instrument is never meant to be drawn upon but will be if there has been a failure in the underlying contractual obligations. This type of letter of credit may have a domestic or foreign beneficiary.

This simple payment solution is processed through Bremer Bank for the purchase or sale of goods in foreign markets. This payment process utilizes shipping documents, including invoices and all relevant documents that evidence shipment to effect the payment.

Bremer Bank offers trade foreign exchange services to businesses of all sizes, including wire transfers, drafts and currency exchange. We also provide foreign exchange contracts in most of the common currencies. 

These contracts commonly fall into two categories:

  • Spot Contract: An agreement to buy or  sell a currency at the current market exchange rate
  • Forward Contract: An agreement to buy or sell a currency at a set exchange rate at a date in the future

Bremer Bank offers trade finance services, working with you every step of the way to secure your financing. Your loan funds can be used to finance the production phase for your products prior to export, pay for DOC (Department of Commerce) Gold Key services, small working capital needs and small plant expansions.

We rely on U.S. government-guaranteed financing programs, allowing us to offer reasonable fees and advance rates and a competitive interest rate.

Small Business Administration (SBA)
Export-Import Bank of the U.S.
Ideal For Exporters meeting SBA guidelines and requiring credit lines up to $5 million Exporters of all sizes, businesses requiring a credit line over $5 million
Restrictions No U.S. content requirements or military restrictions Must adhere to Ex-Im’s requirements for content and non-military uses and Country Limitation Schedule
  • Small Business Administration (SBA)

    • Ideal For
      Exporters meeting SBA guidelines and requiring credit lines up to $5 million
    • Restrictions
      No U.S. content requirements or military restrictions
  • Export-Import Bank of the U.S.

    • Ideal For
      Exporters of all sizes, businesses requiring a credit line over $5 million
    • Restrictions
      Must adhere to Ex-Im’s requirements for content and non-military uses and Country Limitation Schedule

We understand you need to offer competitive payment and financing terms to overseas buyers while minimizing the risks to your company.

We can help make that happen. By insuring your foreign accounts receivable, not only can you expand your international sales, you can also mitigate potential risk of non-payment of your entire export portfolio or a particular buyer.

Export credit insurance not only allows you to extend various payment terms, but also covers nonpayment for 95 percent of commercial and political risks and turns those export accounts receivable into eligible collateral for your borrowing needs. Whether you need to decrease your risks, expand your borrowing capacity or offer financing to foreign buyers, Bremer Bank offers the appropriate products and structure to meet your needs.

Export-Import Bank of the U.S.
Private Sector Insurers
How it works Offers exporters single-buyer and multi-buyer policies to cover foreign sales on various payment terms generally up to 180 days Offers short-term “spread of risk” policies for key accounts or all clients, usually on open terms of 60 to 90 days
Benefits When combined with other products, may limit your exposure to default; talk to us for details

If selling U.S.-made capital equipment to foreign buyers, receive cash terms shortly after shipment while providing foreign buyers repayment terms up to five years
Can combine foreign and domestic accounts receivable under a policy to further enhance your borrowing base
  • Export-Import Bank of the U.S.

    • How it works
      Offers exporters single-buyer and multi-buyer policies to cover foreign sales on various payment terms generally up to 180 days
    • Benefits
      When combined with other products, may limit your exposure to default; talk to us for details

      If selling U.S.-made capital equipment to foreign buyers, receive cash terms shortly after shipment while providing foreign buyers repayment terms up to five years
  • Private Sector Insurers

    • How it works
      Offers short-term “spread of risk” policies for key accounts or all clients, usually on open terms of 60 to 90 days
    • Benefits
      Can combine foreign and domestic accounts receivable under a policy to further enhance your borrowing base
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