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US Ex-Im marks one year of Global Access initiative
20 January 2012
US Ex-Im has appoved $6 billion in small business export financing during the first year of the bank's nationwide Global Access outreach initiative.
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US Ex-Im
Global Access
Small business exports
SME exports
NEI
US Exports
USTR
Commerce
SBA
The Export-Import Bank of the United States is marking a successful first year of Global Access for Small Business (Global Access), the agency’s small business outreach initiative. This ambitious public-private partnership to engage more companies in exporting was launched at the US Chamber of Commerce last January as a part of President Obama’s National Export Initiative (NEI).
The financing that Ex-Im provides to small businesses is contributing to a significant increase in overseas sales. In fiscal year 2011 alone, the bank increased small business transactions to a record $6 billion, up $1 billion from the previous year. Over 85% of all Ex-Im transactions directly benefit small business exporters.
“If my company can’t offer credit terms, we can’t close deals with many foreign buyers. Ex-Im Bank financing gives us peace of mind -- we would not be as successful as we are today without it,” comments Andy Malcolm, president...
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