4. Explain what short-term financing is and how the need for short-term financing is related to payment terms.

Identify three options that an exporter has for short-term financing. Explain how each works. Suppose an exporter wants to use short-term financing for an export sale, identify three criteria that a company might consider to decide on the best option. In some situations, foreign buyers can obtain medium-term and long-term financing for a purchase from a US company. What is the difference between medium-term and long-term financing? Why would the EXIM Bank provide such financing? How might the need for financing by the EXIM Bank influence to whom a US company attempts to sell their goods/services?