Aerolyusa on Long Island has about 20 employees and is a successful distributor of aircraft hardware and electronics. It has been using EXIM Bank's multi-buyer export credit insurance policy to grow its international sales since 2008. In 2010 through just September, the company covered $4.2 million shipments. With Ex-Im insurance in place, lenders are more likely to advance funds to exporters as the receivables are insured by the U.S. government. Thus, Aerolyusa assigns its foreign receivables to JP Morgan Chase Bank to increase its working capital cash flow.
Distribution Company Assigns Receivables to Increase Cash Flow
Italy, Czech Republic, Poland, Brazil and UK
EXIM Bank Product:
Export Sales ($):
Judy Wollman, Vice President
We could not conduct international business without EXIM Bank's support,