Express Insurance Helps High-Tech Manufacturer Increase Exports

Photo courtesy of ServerLIFT Corp.

ServerLIFT is a high-tech small-business manufacturer of lifts for transporting and sustaining data-center servers. It was founded by Ray Zuckerman in 2002 in response to a growing demand for a safe and efficient way for staff to handle servers and other IT equipment in data centers. This company had maintained its manufacturing facilities in China and recently moved its operations back to the United States, resulting in doubling the number of its U.S. employees.

In June 2011, ServerLIFT received a $250,000 Ex-Im Bank express insurance policy for approved buyers in Ireland and Turkey. ServerLIFT was also 1,000th small-business customer to join the list of first-time users of the Bank's export finance products as part of its Global Access for Small Business outreach.

Ex-Im’s express insurance was developed to help small businesses expand into new markets and add new buyers. It features a streamlined online application and provides a policy quote and foreign-buyer credit indications up to $300,000 within five business days or fewer.

"The Bank's support gives us the credibility that we need to pursue foreign buyers," said Ray Zuckerman, CEO of ServerLIFT. "Extending credit makes us more attractive to our customers and allows us to sell to larger companies."