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EXIM Covers Missouri Company's Sales Invoices to Asia

Exporter/Customer: 
US International Foods LLC
Export Destinations: 
Asia
EXIM Bank Product: 
Export Credit Insurance

US International Foods

US International Foods meets the world’s growing demand for safe, high quality, American food from its office in St. Louis, Missouri. Founded in 2011, US International Foods is a domestically-based exporter of American grocery products selling to China and other markets in Asia. It has four employees in St. Louis and one in Shanghai.

 

 

EXPORT CHALLENGE

The company sought aggressive international sales growth but was wary of foreign buyer nonpayment.

EXIM SOLUTION

EXIM’s export credit insurance covers 95% of US International Foods’ sales invoices against commercial and political risks.

RESULTS

From 2013 to 2017, EXIM has protected $1.3 million of the company’s international sales. Its products come from many small and medium-sized U.S.  manufacturers so US International Foods exports are indirectly expanding their sales and supporting U.S.  jobs.

“EXIM Bank is a key component to our continued growth. Its credit insurance is an essential tool that lets us break into foreign markets and expand our workforce.”
David Shogren, President