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With EXIM Financing, West Virginia Small Business Expands Internationally

Exporter/Customer: 
Wheeling Truck Center Inc.
Export Destinations: 
88 countries
EXIM Bank Product: 
Export Credit Insurance
Jobs Created: 
3

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Wheeling Truck Center Inc. is a small-business that services and sells Volvo heavy-duty truck parts. Founded in 1933 by C.H. Remp, Wheeling is currently owned and managed by the third and fourth generation of the Remp family. The company employs about 20 people, all of whom are located in Wheeling, West Virginia.

After learning of EXIM from its commercial service representative, Wheeling first took advantage of the Bank's export credit insurance in 2011. The company has increased export sales to 25 percent of total company revenue. Since entering foreign markets, Wheeling has filled orders in 88 countries and added three jobs dedicated to international sale. EXIM covered $196,000 of its 2014 and 2015 international sales.

"Using the Bank's export credit insurance has allowed us to offer open accounts to some of our international customers. These open accounts have helped us and our customers increase sales. We plan on expanding the number of customers we offer open accounts with because of EXIM."
Chad Remp, Operations Manager