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EXIM Authorizations in Support of Small Businesses in July 2019

Success Stories: Arkansas Company Expands Egg Sales, Georgia Company Maintains Aircraft Engines, and Illinois Company Provides Wi-Fi Kits for Brazilian Aircraft

FOR IMMEDIATE RELEASE September 27, 2019

Media Contact Name/Phone: 

Jane Lemons, (202) 565-3203

Washington, D.C. – In July 2019, the Export-Import Bank of the United States (EXIM) authorized a total of $133.1 million in support of American small businesses who export “Made in the USA” products around the world. This total includes $122.1 million of short-term authorizations and $11 million of medium-term authorizations.

EXIM Product Total
(in millions)
Short-Term
(in millions)
Medium-Term
(in millions)
Export Credit Insurance $161.6 $155.2 $6.5
Working Capital Guarantees $13.4 $13.4 -
Guarantees and Loans $37 - $37
Total $212 $168.6 $43.5
Small Business/MWOB      
Small Business $133.1 $122.1 $11
Minority and Women-Owned Business $21.3 $21.3 -
Top Industry for the Month      
Manufacturing $107.8 $98.2 $9.6

EXIM SMALL BUSINESS SUCCESS STORIES

Short-Term Export Credit Insurance: The Keith Smith Company, Hot Springs, Arkansas

EXIM approved a $270,000 export credit insurance policy for the Keith Smith Company, the largest independent producer and provider of quality hatching eggs to the broiler industry in the United States, headquartered in Hot Springs, Arkansas. The current policy will allow the company to offer open-account credit terms to its customer in Mexico.

Since the company began using export credit insurance in 2009, EXIM has supported more than $140 million in exports worldwide. The company’s top markets are Mexico and Guatemala, followed by Nicaragua, El Salvador, and the Dominican Republic. The company’s EXIM insurance broker is World Trade Consult of St. Charles, Missouri. As a result of the increased exports, the Keith Smith Company has supported 42 additional jobs, and sales have increased nearly 50 percent. Exports as a percentage of total sales have grown from less than 1 percent to 61 percent over the 10 years the company has partnered with EXIM.

Medium-Term Loan Guarantee: Delta TechOps, Atlanta, Georgia, and Gogo Inc., Chicago, Illinois

EXIM approved a $25.8 million medium-term loan guarantee for the Brazilian airline Gol Linhas Aereas S.A. (GOL), which will support services provided by two U.S. companies. The transaction will support engine maintenance services provided by Delta TechOps, the maintenance, repair and overhaul (MRO) division of Delta Air Lines, headquartered in Atlanta, as well as installation of Wi-Fi kits provided by Gogo Inc., a Chicago company that supplies inflight internet services. Since 2014, EXIM has supported 13 similar engine maintenance transactions for GOL valued at $190 million, which have supported an estimated 1,000 jobs at Delta TechOps, according to EXIM’s jobs-calculation methodology.

EXIM financing will support approximately $22 million for aircraft maintenance by Delta TechOps and approximately $4 million for installation services by Gogo. This marked the first transaction since EXIM’s Board of Directors approved a resolution earlier this year increasing the individual delegated authority (IDA) under which transactions can be approved by specific senior officers from the previous limit of $10 million per transaction to $25 million.

ABOUT EXIM BANK:

EXIM is an independent federal agency that promotes and supports American jobs by providing competitive and necessary export credit to overseas purchasers of U.S. goods and services. A robust EXIM can level the global playing field for U.S. exporters when they compete against foreign companies that receive support from their governments. EXIM also contributes to U.S. economic growth by helping to create and sustain hundreds of thousands of jobs in exporting businesses and their supply chains across the United States. In recent years, 90 percent of the total number of the agency’s authorizations has directly supported small businesses.

For more information about EXIM, please visit www.exim.gov.

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Medium-Term Activity for July 2019

Exporter City State Authorized Amount Broker Lender
Delta Tech Ops
Gogo Inc.
Atlanta
Chicago
GA
IL
25,772,500.00   Crédit Agricole Corporate And Investment Bank
Rome Plow Company Cedartown GA 5,923,950.77   Atrafin LLC
Air Tractor, Inc. Olney TX 4,075,588.56 Johnstone Downey Klein, Inc. DBA International Risk Consultants Not Applicable
Nautical Control Solutions, Lp Spring TX 2,831,111.80   Atrafin LLC
Quest Aircraft Company Sandpoint ID 1,610,899.04   Airfinance Leasing LLC
Brock Grain Systems Milford IN 1,439,706.41 Export Insurance Agency, Inc. PNC Bank, N.A.
Air Tractor, Inc. Olney TX 936,733.87 Johnstone Downey Klein, Inc. DBA International Risk Consultants Wells Fargo Bank, N.A.
Kolberg-pioneer, Inc. Yankton SD 887,609.16   Drake Finance Group, Inc.

Short-Term Activity for July 2019

Exporter City State Authorized Amount Broker Lender
Multiple Exporters TBD     25,000,000.00 ARI Global, Inc. Commerce Bank
Multiple Exporters TBD     25,000,000.00 Meridian Finance Group GBC International Bank
Amalie Oil Company Tampa FL 6,000,000.00 ARI Global, Inc. Not Applicable
Archer-Daniels-Midland Company Decatur IL 4,410,000.00 Johnstone Downey Klein, Inc. DBA International Risk Consultants Banco De Sabadell, S.A.
Magna Group, Inc. Doral FL 4,000,000.00 Risk Protection International, LLC Not Applicable
Special Nutrients, LLC Coconut Grove FL 4,000,000.00 Risk Protection International, LLC Not Applicable
Terrasource Global Corporation Saint Louis MO 3,500,000.00 Securitas Global Risk Solutions LLC Not Applicable
House Of Cheatham, Inc. Stone Mountain GA 3,000,000.00 Meridian Finance Group Not Applicable
Multiple Exporters TBD     3,000,000.00 Meridian Finance Group Zions Bancorporation, N.A.
Waterblasting Technologies Stuart FL 2,700,000.00   Comerica Bank
Allstar Seed Company El Centro CA 2,500,000.00 Brett Tarnet Insurance Services Not Applicable
Amos-Hill Associates, Inc. Edinburgh IN 2,500,000.00 Arthur J. Gallagher Risk Management Services, Inc. (Cincinnati) Not Applicable
Briskheat Corporation Columbus OH 2,000,000.00 Johnstone Downey Klein, Inc. DBA International Risk Consultants Wells Fargo Bank, N.A.
Morris & Associates, Inc. Garner NC 2,000,000.00 Global Business Solutions, Inc. Not Applicable
Smithco, Inc. Wayne PA 2,000,000.00 Trade Acceptance Group, Ltd. Not Applicable
Multiple Exporters TBD     2,000,000.00 Trade Acceptance Group, Ltd. Associated Bank, N.A.
Washers, Incorporated Livonia MI 2,000,000.00 Trade Acceptance Group, Ltd. Level One Bank
Competitive Engineering, Inc. Tucson AZ 1,980,000.00   GBC International Bank
Ecom Usa, Inc. Schenectady NY 1,800,000.00 Heffernan Insurance Brokers, Inc. Brickell Bank
Frank Miller Lumber Company, Inc. Union City IN 1,800,000.00   BMO Harris Bank, N.A.
Good Water Warehouse, Inc. Fullerton CA 1,800,000.00   City National Bank
Moore Fans LLC Marceline MO 1,750,000.00   Not Applicable
Mac Thin Films, Inc. Santa Rosa CA 1,500,000.00 Provident Traders, Inc. Western Alliance Bank
Ring Power Corporation Saint Augustine FL 1,500,000.00   Not Applicable
Gerber (California), Inc. San Diego CA 1,350,000.00   Bank Of The West
Iracore International, LLC Hibbing MN 1,200,000.00 Trade Acceptance Group, Ltd. Garrison Loan Agency Services LLC
Actega North America Inc. Delran NJ 1,000,000.00 Meridian Finance Group Not Applicable
Beauty Enterprises Inc. Hartford CT 1,000,000.00 Global Insurance Services, LLC Not Applicable
Bimax, Inc. Glen Rock PA 1,000,000.00 Trade Credit Insurance Agency Manufacturers & Traders Trust Company
Flex-A-Seal, Inc. Essex Junction VT 1,000,000.00 J. Maxime Roy, Inc. People's United Bank
Hahn Family Wines Napa CA 1,000,000.00 Brett Tarnet Insurance Services Not Applicable
Holmatro Incorporated Glen Burnie MD 1,000,000.00 Global Insurance Services, LLC Not Applicable
Klinge Corporation York PA 1,000,000.00 Global Insurance Services, LLC Not Applicable
Mercury Manufacturing Company Wyandotte MI 1,000,000.00 JZJ Insurance Services, Inc. Comerica Bank
Morgan Ranch Beef, Inc. Burwell NE 1,000,000.00 JZJ Insurance Services, Inc. Not Applicable
Neocera, LLC Beltsville MD 1,000,000.00 Global Insurance Services, LLC Not Applicable
Nexcelom Bioscience LLC Lawrence MA 1,000,000.00 Export Risk Management, Inc. Not Applicable
Quality Truck Sales, Inc. Miami FL 1,000,000.00 Export Insurance Services, Inc. Amerant Bank, N.A.
Sinclair Group, Ltd., The The Woodlands TX 1,000,000.00 One Source Risk Management And Funding, Inc. Integrity Bank, Ssb
Montachem International, Inc. Fort Lauderdale FL 945,000.00 Risk Protection International, LLC Not Applicable
AFC Trading Corp New Bedford MA 900,000.00 Trade Credit Insurance Agency Not Applicable
Mid-South Control Line, L.L.C. Marrero LA 900,000.00   JPMorgan Chase Bank, N.A.
Stern Pinball Elk Grove Village IL 900,000.00   Fifth Third Bancorp
Xante Corporation Mobile AL 895,500.00   Regions Bank
Advise Global, Inc. Austin TX 850,000.00 Penn International Insurance Not Applicable
Alamo Group (USA) Inc. Seguin TX 800,000.00 Penn International Insurance Not Applicable
Colmac Coil Manufacturing, Inc. Colville WA 800,000.00 CFS International Insurance Services Not Applicable
H&R Construction Parts & Equipment, Inc. Buffalo NY 800,000.00 Trade Credit Insurance Agency Not Applicable
Horner International Company Durham NC 800,000.00 Export Insurance Services, Inc. Not Applicable
Air Support International, LLC Fort Lauderdale FL 750,000.00 Risk Protection International, LLC Not Applicable
C. E. Shepherd Company, L.P. Houston TX 750,000.00 Penn International Insurance Not Applicable
Classic Products, Inc. Mchenry IL 750,000.00 Newstead Credit And Political Risk, Inc. MB Financial Bank, N.A.
Exair Corp Cincinnati OH 750,000.00 JZJ Insurance Services, Inc. Not Applicable
H Y International Corporation Great Falls VA 750,000.00 Global Insurance Services, LLC Not Applicable
Lancer Orthodontics, Inc. Vista CA 750,000.00 Meridian Finance Group GBC International Bank
Mountain States Oilseeds LLC American Falls ID 750,000.00 Brett Tarnet Insurance Services Not Applicable
Pigs Unlimited International, Inc. Tomball TX 750,000.00 One Source Risk Management And Funding, Inc. Not Applicable
Pointe Scientific, Inc. Canton MI 750,000.00 Newstead Credit And Political Risk, Inc. Not Applicable
Seitz LLC Torrington CT 750,000.00 Meridian Finance Group Siena Funding LLC
Skylink Inc. Sanford FL 750,000.00 Risk Protection International, LLC Regions Bank
Coperion K-tron Salina, Inc. Salina KS 700,000.00 ARI Global, Inc. Not Applicable
WESCO Oilwell Services, Inc. Houston TX 650,000.00 Penn International Insurance Not Applicable
Aero-link Arizona, Inc. Scottsdale AZ 600,000.00 Meridian Finance Group Not Applicable
Paul Hobbs Winery, L.P. Sebastopol CA 600,000.00 Brett Tarnet Insurance Services Not Applicable
W.h. International, Inc San Antonio TX 585,000.00   Comerica Bank
Animix, LLC Juneau WI 500,000.00 Emelev, LLC Not Applicable
Block Engineering , LLC Southborough MA 500,000.00 Meridian Finance Group Not Applicable
Cinchseal Associates Inc. Mount Laurel NJ 500,000.00 Meridian Finance Group Not Applicable
Condux International, Inc. Mankato MN 500,000.00 Trade Acceptance Group, Ltd. Not Applicable
Griffin Group Energy Services Pearland TX 500,000.00   Not Applicable
Hydro Electronic Devices, Inc. Hartford WI 500,000.00 Emelev, LLC Not Applicable
Mendocino Wine Group, LLC Ukiah CA 500,000.00 Trade Credit Insurance Agency Comerica Bank
Mortech Manufacturing Co., Inc. Azusa CA 500,000.00 ARI Global, Inc. Not Applicable
Source North America Corporation Addison IL 500,000.00 CFS International Insurance Services Not Applicable
Steve & Edie Mader, LLC Palouse WA 500,000.00 Brett Tarnet Insurance Services Not Applicable
Tama Corporation Doral FL 500,000.00 Global Trade Insurance Corporation Not Applicable
American Crane & Equipment Corporation Douglassville PA 450,000.00   First National Bank Of Pennsylvania
Everbest Organics, Inc. Munger MI 450,000.00 Trade Acceptance Group, Ltd. Not Applicable
Telfair Forest Products, LLC Lumber City GA 450,000.00 Export Insurance Services, Inc. Not Applicable
Case Paper Co., Inc. Harrison NY 436,500.00 JZJ Insurance Services, Inc. Not Applicable
Allison Transmission, Inc. Indianapolis IN 405,000.00 Newstead Credit And Political Risk, Inc. Not Applicable
Atlantic Polymers Corp. Armonk NY 400,000.00 Meridian Finance Group Not Applicable
Auburn Manufacturing Incorporated Mechanic Falls ME 400,000.00   TD Bank, N.A.
CMF Global, Inc. Chula Vista CA 400,000.00 CFS International Insurance Services Citibank, N.A.
DSA Operating Company, LLC San Antonio TX 400,000.00 One Source Risk Management And Funding, Inc. Woodforest National Bank
Fruit Of The Earth, Inc. Grand Prairie TX 400,000.00 Meyrat Financial Services Sterling National Bank
GTI Consolidation LLC Grand Haven MI 400,000.00 Trade Acceptance Group, Ltd. Not Applicable
Metal Edge International, Inc. North Wales PA 400,000.00 Securitas Global Risk Solutions LLC Not Applicable
Miller Manufacturing Company Eagan MN 400,000.00 Trade Acceptance Group, Ltd. Not Applicable
Radius Corporation Kutztown PA 400,000.00 Securitas Global Risk Solutions LLC Not Applicable
Snowpure LLC San Clemente CA 400,000.00 Brett Tarnet Insurance Services Not Applicable
United Paint And Chemical Corporation Southfield MI 400,000.00 Trade Acceptance Group, Ltd. Not Applicable
Aerodirect, Inc. Wheeling IL 382,500.00 Newstead Credit And Political Risk, Inc. Not Applicable
L J Star Incorporated Twinsburg OH 360,000.00 Hylant Group Not Applicable
Custom Rubber Corporation Cleveland OH 350,000.00 JZJ Insurance Services, Inc. Bank Of America Merill Lynch
Environmental Energy Services, Inc. Sandy Hook CT 350,000.00 Meridian Finance Group Not Applicable
Grand-Rock Company, Inc. Painesville OH 350,000.00 Trade Acceptance Group, Ltd. Not Applicable
Hop Head Farms LLC Hickory Corners MI 350,000.00 Trade Acceptance Group, Ltd. Not Applicable
3-D International LLC Santa Clarita CA 300,000.00 Meridian Finance Group Not Applicable
APG, LLC Hillsboro OR 300,000.00 J. Maxime Roy, Inc. Not Applicable
Bio Pro-research, L.l.c. Hickory NC 300,000.00 Global Business Solutions, Inc. Not Applicable
Buzzballz, LLC Carrollton TX 300,000.00 Meridian Finance Group Not Applicable
Cooling International, LLC Flowery Branch GA 300,000.00 Export Insurance Services, Inc. Regions Bank
Gliptone, Inc. Ronkonkoma NY 300,000.00 Meridian Finance Group Not Applicable
Global Gauge Corporation Moraine OH 300,000.00 Trade Acceptance Group, Ltd. First Financial Bank, N.A.
Gorilla Glue Company, The Cincinnati OH 300,000.00 Arthur J. Gallagher Risk Management Services, Inc. (Cincinnati) Not Applicable
Lowden Schoolhouse Corporation Walla Walla WA 300,000.00 Meridian Finance Group Not Applicable
T.S. Moly-Lubricants, Inc. Houston TX 300,000.00 Penn International Insurance Not Applicable
Keith Smith Company, Inc. Hot Springs AR 270,000.00 World Trade Consult Not Applicable
Trex Company, Inc. Winchester VA 270,000.00 Global Insurance Services, LLC Not Applicable
Advanced Geosciences, Inc. Austin TX 250,000.00 Penn International Insurance Not Applicable
Aptus, LLC Clemson SC 250,000.00 Global Business Solutions, Inc. Not Applicable
East West Drilling Inc. Mifflinburg PA 250,000.00 Global Insurance Services, LLC Not Applicable
Edimar International Corporation Miami FL 250,000.00 Export Insurance Services, Inc. Not Applicable
IPS Of Louisiana Corporation Kenner LA 250,000.00 J. Maxime Roy, Inc. Hancock Whitney Bank
Knight Carbide, Inc. Chesterfield MI 250,000.00 VTC Insurance Group Independent Bank
Rob's Brands LLC Sea Cliff NY 250,000.00 Meridian Finance Group Not Applicable
Yachtcontroller, LLC. Coral Gables FL 250,000.00   Not Applicable
Curtis Instruments, Inc. Mount Kisco NY 247,500.00 Marsh, Inc. (N.Y.) Not Applicable
Atlantic Medical Products, LLC Largo FL 200,000.00 ARI Global, Inc. Not Applicable
Crown Paper Converting, Inc. Ontario CA 200,000.00 Brett Tarnet Insurance Services Not Applicable
Maresco International Corp Phillipsburg NJ 200,000.00 Export Insurance Services, Inc. Not Applicable
Nex-xos Worldwide LLC Hollywood FL 200,000.00 Global Trade Insurance Corporation Not Applicable
Riverside Communications Inc. Plaza ND 200,000.00 Trade Acceptance Group, Ltd. Not Applicable
Rogers Brothers Farm Hartsville SC 200,000.00   Not Applicable
SonicAire Inc. Winston Salem NC 200,000.00   Not Applicable
Paramount Export Company Oakland CA 180,000.00 Global Trade Financial Services LLC Not Applicable
Veneer Specialties, Inc. Saint Johns MI 180,000.00 Credit Insurance Source, The Not Applicable
FPO Organization Inc Miami FL 150,000.00 ARI Global, Inc. Not Applicable
Lakeside Manufacturing West Milwaukee WI 150,000.00 Trade Acceptance Group, Ltd. Not Applicable
Lentus, LLC Elizabethtown KY 150,000.00 Trade Credit Insurance Agency Not Applicable
McTron Technologies, LLC. Greenville SC 150,000.00   Not Applicable
America Data Services LLC Las Vegas NV 142,500.00 FYPOM Financial Group, Inc. Not Applicable
H. O. Bostrom Company, Inc. Waukesha WI 135,000.00 Trade Acceptance Group, Ltd. Not Applicable
Naterra International, Inc. Coppell TX 135,000.00 Penn International Insurance Not Applicable
Magic Wood Floors LLC Miami FL 125,000.00 Meridian Finance Group Not Applicable
Stockmeier Urethanes U.S.A., Inc Clarksburg WV 112,500.00 Meridian Finance Group Not Applicable
LPI, Inc. Eau Claire WI 108,000.00 Trade Acceptance Group, Ltd. Not Applicable
Biocleaner, Inc Monterey Park CA 100,000.00 Meridian Finance Group Not Applicable
Goldin Investment II Inc. Fremont CA 100,000.00 Brett Tarnet Insurance Services Not Applicable
Headway Research, Inc Garland TX 100,000.00 One Source Risk Management And Funding, Inc. Not Applicable
Ignition & Fuel Systems, Corp. San Juan PR 100,000.00 Milagros I. Concepcion Padin Not Applicable
Induron Coatings, LLC Birmingham AL 100,000.00   Not Applicable
Inno Concepts Inc Alpharetta GA 100,000.00 Meridian Finance Group Not Applicable
Lifeline Medical, Inc Brooksville FL 100,000.00 ARI Global, Inc. Not Applicable
Livelong Pet Nutrition Corp. Doral FL 100,000.00 Meridian Finance Group Not Applicable
Lone Pine Brewing Company, LLC Gorham ME 100,000.00 NaviTrade Structured Finance LLC Not Applicable
Maine Brewers' Guild South Portland ME 100,000.00 NaviTrade Structured Finance LLC Not Applicable
Thermal Support, LLC Hayesville NC 100,000.00 Export Insurance Services, Inc. Not Applicable
Southern Cross Aviation, LLC Fort Lauderdale FL 94,500.00   Not Applicable
American Lumber Company, L.P. Hamburg NY 90,000.00   Not Applicable
Broco, Inc. Ontario CA 90,000.00 Meridian Finance Group Not Applicable
Southworth International Group, Inc. Falmouth ME 90,000.00 JZJ Insurance Services, Inc. Not Applicable
Displays Master Inglewood CA 75,000.00   Not Applicable
ERS Holdings Company LLC Corvallis OR 75,000.00 Brownrigg LLC DBA Premier Choice Insurance Agency Not Applicable
FlameOFF Coatings, Inc. Raleigh NC 75,000.00   Not Applicable
Paragon Worldwide Logistics Miami FL 75,000.00   Not Applicable
Bruno Independent Living Aids, Inc. Oconomowoc WI 67,500.00 Trade Acceptance Group, Ltd. Not Applicable
Motion Tech Automation, LLC Oakdale MN 67,500.00 Trade Acceptance Group, Ltd. Not Applicable
Coral Steel Company West Palm Beach FL 50,000.00   Not Applicable
Baillie Lumber Co., L.P. Hamburg NY 45,000.00   Not Applicable
LDPI, Inc. Eau Claire WI 45,000.00 Trade Acceptance Group, Ltd. Not Applicable
One World, Inc Tucker GA 36,000.00 Meridian Finance Group Not Applicable
Sector Limited Horsham PA 25,000.00 Securitas Global Risk Solutions LLC Not Applicable
Agri Food And Feed, LLC Miami FL 22,500.00   Not Applicable
Horizon International Cargo Inc Hawthorne CA 16,200.00   Not Applicable
Jon Davler, Inc. Temple City CA 13,500.00 CFS International Insurance Services Not Applicable