Using SBA’s Export Working Capital Loan, Sydor secured funding for international purchase orders, enabling the company to begin selling their products worldwide. Following that success, Sydor learned about SBA’s State Trade Expansion Program “STEP” funds, administered through New York State, which help small businesses break down barriers to exporting by providing grants to cover the costs associated with entering and expanding into international markets.
“Utilizing the SBA’s STEP program, we attended the Laser World of Photonics trade show in Munich, Germany where we were able to develop a large number of solid leads to facilitate international sales,” said Matthew Sydor, Program Manager. “One meeting resulted in one of our salespeople traveling to Israel to meet with seven potential customers.”
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