Washington, D.C. – Today the Export-Import Bank of the United States (EXIM) hosted a small business round table at EXIM headquarters with small business customers and representatives from a variety of industries and associations.
Participants in today’s discussion were Chuck Wetherington, president, BTE Technologies Inc., Hanover, Md.; Chad Remp, operations manager, Wheeling Truck Center, Wheeling, W.Va.; John Allen, director of Finance, Zeigler Brothers Inc., Gardner, Pa.; Linda Dempsey, vice president, International Economics Affairs Policy, National Association of Manufacturers, Washington, D.C.
“The purpose of today’s meeting is to make it clear to EXIM’s small business customers that their concerns are top-of-mind for me and the other members of EXIM’s new board of directors. We are committed to fulfilling EXIM’s congressional mandate to assist U.S. small businesses in starting or expanding their exports in order to grow American jobs and the U.S. economy,” said EXIM Chairman Kimberly A. Reed.
Reed added, “In a lot of ways, EXIM is a ‘small business’ agency. We partner with private-sector commercial lenders and insurance brokers nationwide to deliver small business financing. In fiscal year 2018, more than 90 percent of the number of EXIM’s authorizations supported small businesses. We want America’s small businesses to know that we are here to help them grow their businesses by exporting their ‘Made in the USA’ goods and services around the world.”
EXIM provides a portfolio of small business solutions for U.S. exporters, including export credit insurance to minimize financial risk and improve cash flow, working capital guarantees to provide credit lines for producing goods and services, and term financing to support international buyers in purchasing capital goods and services.
ABOUT EXIM BANK:
EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the bank’s authorizations has directly supported small businesses. Since 2000, EXIM has sent $14.8 billion to the U.S. Treasury after paying for all of its administrative and program expenses.