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GREATER WASHINGTON AREA EXPORTERS CAN INCREASE SALES WITH EX-IM BANK FINANCING

FOR IMMEDIATE RELEASE November 7, 2001

Media Contact Name/Phone: 

Niki Shepperd, (202) 565-3200

Dan Renberg, a member of the Board of Directors of the Export-Import Bank of the United States (Ex-Im Bank), wants businesses in Washington, D.C., and surrounding Maryland and Virginia to know that they can increase their export sales with the backing of Ex-Im Bank's export credit insurance, loan guarantees and direct loans. Renberg will give opening remarks at a trade finance seminar for exporters in Prince George's County on Tuesday, November 13. The event is sponsored by Ex-Im Bank and the Prince George's County Economic Development Corporation. Renberg will talk with exporters and lenders about Ex-Im Bank's specialized export financing products for small and medium-sized businesses.

Trade Financing Solutions for Exporters Seminar
Tuesday, November 13, 2001
8:30 a.m. — 4:00 p.m.
Sponsored by the Ex-Im Bank
and the Prince George's County Economic Development Corporation
4640 Forbes Blvd, Suite 200
Lanham, MD

Now more than ever, small and medium-sized businesses in Maryland, Virginia and the District of Columbia need to learn how to use government programs like Ex-Im Bank financing to help increase their sales to foreign markets, said Renberg. We help companies throughout the area sell their products and services to buyers in emerging markets, such as Latin America, Africa, and Asia. This seminar will make our export financing services known and available to a new group of businesses, Renberg added.

Ex-Im Bank's Underserved Markets Program is available to small exporters that are minority-owned, women-owned, located in an economically depressed or rural area, or specialize in environmentally beneficial goods and services. The program features expanded guarantees on export working capital loans and targeted marketing of Ex-Im Bank's services to rural exporters and lenders.

Ex-Im Bank is an independent federal agency that assists in financing the export of U.S. goods and services to developing markets around the world, through export credit insurance, loan guarantees, and direct loans. In Maryland, Ex-Im Bank has supported 28 communities, 63 companies and financed a total of $1.0 billion in exports during the last five years. Worldwide in fiscal year 2001, Ex-Im Bank supported $12.5 billion of U.S. exports worldwide.