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L A Xport Program

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BUSINESS
December 5, 1988 | JANE APPLEGATE, Times Staff Writer
When Nantucket Corp. set up a joint venture with a Japanese company to begin selling its computer software to Japan, chief financial officer Ken Keegan did not ask his banker for financing. Instead, he turned to a novel export financing program established last year by Mayor Tom Bradley's office and the U.S. Export-Import Bank. So far, the L.A. XPORT program has approved 14 loans totaling $10.3 million.
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BUSINESS
December 5, 1988 | JANE APPLEGATE, Times Staff Writer
When Nantucket Corp. set up a joint venture with a Japanese company to begin selling its computer software to Japan, chief financial officer Ken Keegan did not ask his banker for financing. Instead, he turned to a novel export financing program established last year by Mayor Tom Bradley's office and the U.S. Export-Import Bank. So far, the L.A. XPORT program has approved 14 loans totaling $10.3 million.
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BUSINESS
June 16, 1989 | Jane Applegate
If strategic partnering is not what you are looking for but you are interested in exploring the export business, you may be surprised at the variety of financing options available. Many small-business owners are unaware of the many government loan programs available, according to Donald L. Byram, a former international banker with Citibank who now works as an export financing consultant. The U.S. Export-Import bank and the U.S. Small Business Administration have direct loan programs or loan guarantees, Byram said.
CALIFORNIA | LOCAL
June 20, 1989 | CHARISSE JONES, Times Staff Writer
The city of Los Angeles and the trade council of Hong Kong launched a program Monday that will match Southern California exporters with the Asian city's buyers. The program, believed to be the first such project between a U.S. city and a foreign trade council, is aimed at easing a $1-billion trade gap between Los Angeles and Hong Kong, officials said. Mayor Tom Bradley and Jack So, executive director of the Hong Kong Trade Development Council, announced the one-year pilot program at a press conference where they signed an agreement and laid out the goals of the trade project, which is aimed primarily at small and medium-sized businesses in Los Angeles.
BUSINESS
September 11, 1989 | NANCY YOSHIHARA
* The Los Angeles district office of the U.S. Department of Commerce, International Trade Administration, counsels companies or individuals interested in exporting, concentrating mainly on marketing, according to Sherwin Chen, international trade specialist. He added, "We don't get involved in financing matters." Firms exporting goods that are 51% of U.S. origin can use trade services at offices in Los Angeles, Santa Ana, San Francisco and San Diego.
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