The Export-Import Bank of the United States (EXIM) is an independent U.S. government agency that helps finance the foreign sales of U.S. goods and services. Its mission is to create jobs through exports. In over 75 years, EXIM has supported more than $4000 billion in U.S. exports. About 85% of our transactions support small business.
A wonderful web site for exporting information is www.export.gov. Furthermore, both the Department of Commerce (www.doc.gov) 800-872-8723 and the Small Business Administration (www.sba.gov) 800-827-5722 can help you get started. The Department of Commerce also has more than 100 U.S. Export Assistance Centers located nationwide to assist existing and potential exporters.
Small businesses are very important to EXIM. There is a Senior Vice President that leads EXIM's effort to increase our small business activity with the support of over 50 small business specialists. EXIM has a "Small Business Portal" on our WEB page that will answer most questions. For one-on-one counseling, our Regional Offices are dedicated to small business exporters and are ready to provide assistance with export credit insurance and working capital guarantees as well as the other products we offer. EXIM also provides training every other month at our Washington, DC headquarters and in various cities throughout the U.S. Detailed information can be found at www.exim.gov.
Of course! EXIM can insure you against non-payment by your foreign customers due to both commercial and political risks. The requirement for services is that the service be performed by US-based personnel, either here in the US or temporarily located in the host country. Progress billings must be in intervals no longer than 180 days. Please note that we do not cover contract repudiation (cancellation of the contract).