Ex-Im Bank is a U.S. government agency offering export credit insurance, working capital loan guarantees, loan guarantees, and direct loans to finance the export of U.S. goods and services to developing markets.
Exports support one out of every five manufacturing jobs in the United States.
On average, these jobs pay 15 percent more than jobs that are not related to exports. And companies that start out with export strategies are more competitive and grow faster. Ex-Im Bank's products remove the financial risks of exporting and helps exporters successfully compete in foreign markets. With Ex-Im Bank's backing, exporters can secure affordable financing from private sector lenders and offer their overseas buyers payment terms comparable to their foreign competitors' offers. Company owner Arlene Gronowetter says that in just six months as an Ex-Im Bank customer she has been able to increase her credit sales and expects to continue growing her business through additional exports.