EXIM Releases November 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 releases authorization data for small business transactions in November 2021. Through the month, the agency approved 124 authorizations totaling $141.6 million for small business that exporting American goods and services around the world. Small business authorizations for November also include $20.4 million in support of minority- and women-owned businesses.
To date in FY 2022, EXIM has authorized $322.3million in small business transactions, which accounts for 31% 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.
“Supporting America’s small business as they build back better from the COVID-19 pandemic is key priority for EXIM,” said James G. Burrows, EXIM Acting President and Chair. “We are pleased with our steady level of small business transactions this month and remain committed to ensuring that every U.S. small business that needs EXIM financing can access EXIM financing.”
Moving forward, the agency will be releasing small business data each month.
To see how small businesses across the country are using EXIM products, view these success stories. To see how EXIM supports exporters in every state, view this state-by-state summary.
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.