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California Vitamin Company Growing Global with Bank Credit Insurance

Exporter/Customer: 
Jarrow Formulas, Inc.
Export Destinations: 
Belize, Romania, Israel, UK
EXIM Bank Product: 
Multi-Buyer Export Credit Insurance
Export Sales ($): 
Over $2.5 million
Jobs Supported: 
50

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Jarrow Formulas, of Los Angeles, California, formulates and supplies of superior nutritional supplements. Its complete line of nutritional products includes vitamins, minerals, probiotics, standardized herbal concentrates, amino acids, enzymes and enteral nutrition products. The company was founded in 1977 and now markets its products in the United States, Mexico, Canada and throughout the world. They have 90 employees with 80 located in the United States.

Broker Brett Tarnet Insurance Services made them aware of EXIM Bank and they have been a customer since 2011. Despite wholesaling worldwide, their top markets are Belize, Romania and Israel. Jarrow Formulas wanted to extend credit to their customers up to 60 days. This marketing feature improved customers' cash flow as they did not have to pay cash-in-advance or credit card. The Bank's multi-buyer export credit insurance has supported more than $6.5 million in sales.

"Our relationship with EXIM Bank has enabled our company to form and maintain relationships with retailers and distributors in Asia, Europe, and the Middle East. We have been able to expand the high-quality Jarrow Formulas brand internationally, taking our superior nutrition and formulation worldwide."
Ben Khowong, CEO and CFO