Powerjet Parts Inc. is a veteran-owned company that was founded in 2008. Located in Las Vegas, it provides aerospace and power generation parts across the world. The company specializes in providing sensors and switches for power generation and aerospace applications.
The company sells worldwide and therefore needs to protect their exports from foreign buyer nonpayment. They carried export credit insurance from various suppliers, yet these policies were becoming too expensive.
In 2017, Powerjet turned to EXIM to provide them with export insurance to cover up to 95 percent of their commercial and political risks on sales to Europe and Asia.
Powerjet now has the security it needs to grow and can even offer its customers open account credit terms.