GE Capital has joined US Exim’s supply chain finance guarantee programme in a bid to aid its small and medium-sized enterprise (SME) customers.

The programme will support GE Capital’s purchases of account receivables owned by US SME suppliers and exporters, it says.

The programme will also help qualified suppliers obtain access to capital more quickly and improve their ability to fulfil new orders.

US Exim developed the programme in response to the access to capital needs of small businesses and to help ensure that President Obama’s national export initiative goal of doubling US exports by the end of 2014 is met.