The Government's export credit agency Efic has expanded its loan facilities for exporters, with the launch of a loan designed for small and medium businesses.The new Small Business Export Loan is an unsecured loan of up to A$250,000 for terms of up to 12 months for businesses with annual revenue between $250,000 and $5 million.Efic has built a new online platform, Efic Direct, and can approve a loan and make funds available within seven days.Eligible borrowers must have been operating for at least two years and must have exported within the previous 12 months.Efic's mandate is to provide financial services to exporters in situations where there are "market gaps" and borrowers must provide confirmation from their bank that the bank would not provide export finance.The new loan complements Efic's Export Contract Loan, which offers working capital starting at $250,000.Efic has been providing more services to SMEs over the past couple of years. A review of the organisation by the Productivity Commission in 2012 found that it focused too much of its attention on large companies.Under Andrew Hunter, who took over as chief executive in 2013, Efic has re-emerged as an SME export champion. Hunter said in a media release that the new loan would increase the number of SMEs that could access Efic's services.