Founded by Stacey Egide in 2010, Andalou Naturals, a small business-exporter based in Novato, California, relies upon EXIM Bank to sell natural and organic products for skin, hair and body care abroad. The company currently employs 21 employees in California, Ohio, New York, Texas, Illinois and Colorado.
Andalou Natural has become a repeat policyholder of EXIM Bank's export credit insurance and expanded its export reach to Taiwan, Malaysia, South Korea, Singapore, Japan, Thailand, Indonesia, Vietnam and the U.A.E. Total company revenue currently amounts to $18 million, approximately 15 percent of which is export-related.
From 2015 to 2018, EXIM Bank has supported $4.6 million in export sales for Andalou Natural.