EXIM Releases December 2021 Monthly Small Business Authorization Data
WASHINGTON – As part of the Export-Import Bank of the United States’ (EXIM) commitments to transparency and supporting America’s small businesses, the agency today released authorization data for small business transactions in December 2021. The agency approved 131 authorizations totaling $98.8 million for small business that export American goods and services around the world. Small business authorizations for November also include $20.5 million in support of minority- and women-owned businesses.
To date in FY 2022, EXIM has authorized $420.6 million in small business transactions, which accounts for 31.2% of the agency’s total authorizations. For FY 2021, small business authorizations totaled more than $1.6 billion, representing 28.2% of total authorizations. Historically, nearly 90% of the total number of EXIM’s authorizations directly benefit U.S. small businesses.
“America’s small business are a driving force behind our nation’s economy, creating two out of three net new jobs,” said James G. Burrows, EXIM Acting President and Chair. “We are pleased to close out the calendar year with a strong number of small business transactions and remain committed in 2022 to ensuring that every U.S. small business is able to access EXIM financing.”
The Export-Import Bank of the United States (EXIM) is the nation’s official export credit agency with the mission of supporting American jobs by facilitating U.S. exports. To advance American competitiveness and assist U.S. businesses as they compete for global sales, EXIM offers financing including export credit insurance, working capital guarantees, loan guarantees, and direct loans. As an independent federal agency, EXIM contributes to U.S. economic growth by supporting tens of thousands of jobs in exporting businesses and their supply chains across the United States. Since 1992, EXIM has generated more than $9 billion for the U.S. Treasury for repayment of U.S. debt. Learn more at www.exim.gov.