DataPrint Technology Inc. of Woodside, New York, has been a manufacturer of quality imaging products for over twenty years. The ten-employee company's goal is to sell a quality product at an affordable price to meet or exceed OEM specifications. DataPrint Technology was founded in 1996 and started exporting in 2000.
Like most companies, getting paid is essential for survival. It is easier to pursue delinquent accounts in the United States but obstacles exist when selling internationally. DataPrint sought to protect itself against foreign buyer nonpayment.
EXIM’s export credit insurance protects against nonpayment for the company’s sales to Mexico. The policy covers up to 95% of the sales invoice from commercial or political risks.
From 2014 through 2019, EXIM has supported $362,510 of DataPrint’s export sales.