Preferred Popcorn LLC is a small-business vendor based in Chapman, Neb., exports popcorn, concessions supplies, and coconut oil to international markets. Started in 1998, the company currently employs 40 people in Nebraska, Indiana, Illinois, Ohio, and Kentucky.
The company was wary of foreign buyer nonpayment.
Since its founding, the company has relied upon EXIM Bank's export credit insurance to protect against the commercial and political risks of nonpayment.
Preferred Popcorn now fills orders in 60 countries around the globe. As a consistent policy holder of EXIM's export credit insurance, the company has watched its sales mount to $43 million, 50 percent of which are export-related. Moreover, EXIM Bank support has translated into approximately 25 new jobs. In three years alone (2015 to 2018), EXIM has supported $48.7 million of Preferred's international sales.