SBA and ITFA Form Strategic Alliance to Facilitate Global Trade for Small Businesses

The U.S. Small Business Administration (SBA) recently announced a significant development in its efforts to support small businesses engaged in international sales. A Strategic Alliance Memorandum (SAM) has been signed between the SBA and the International Trade & Forfaiting Association (ITFA) with the primary goal of enhancing global trade and trade finance while reducing barriers for small businesses. Through this partnership, exporters and lenders will gain access to valuable education on financing methods and risk management solutions essential for smooth global trade operations.