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Boeing and Citi launch Ex-Im supplier financing programme
17 February 2012
Boeing and Citi to offer small businesses quicker access to cash, lower financing costs, and inject liquidity to help suppliers sustain jobs through US Ex-Im programme.
Read more:
Boeing
Citi
US Ex-Im
Supplier Finance
supply chain finance
NEI
US Exports
Boeing has become the latest US exporter to help its eligible small-business suppliers gain access to affordable financing through participation in a Supply Chain Financing Programme guaranteed by the Export-Import Bank of the United States (US Ex-Im).
Boeing is notifying several hundred qualifying US-based suppliers that system testing is complete for the new financing programme, to be operated by Citi, allowing sign ups to proceed and payments to flow.
The Ex-Im programme, first offered in 2009, allows small businesses involved in exporting non-military goods to receive attractively priced working-capital financing. It is done through early payment of their accounts receivable, in this case from Boeing, in...
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