Preferred Popcorn LLC, is a small business vendor based in Chapman, Nebraska, exports popcorn, concessions supplies and coconut oil to international markets. Created in 1998, the company currently employs 70 people in Nebraska, Indiana, Illinois, Ohio and Kentucky.
In 1998, the company attended a trade show in Las Vegas with merely a card table and secured their first customer which was from Indonesia.
Preferred needed to mitigate their credit risk on international slaes.
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 is now worldwide filling orders in more than 70 countries. Its main markets are China, SE Asia, Japan and Mexico. 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 support has translated into approximately 25 new jobs. In three years alone (2015 to 2018), EXIM has supported $58.3 million of Preferred’s international sales.