Company of 8 was able to add 2 more positions thanks to Export-Import Bank financing
FOR IMMEDIATE RELEASE May 7, 2015
Office of Communications (202-565-3200)
Washington, D.C. – In honor of Mother’s Day, the Export-Import Bank of the United States (EXIM Bank) is recognizing woman-owned small business Cozy Cocoon for their adorable exports of infant clothing and accessories to mothers around the world.
Cozy Cocoon, based in Bellmore, N.Y., was founded in 1997 by a mother of three who simply wanted to calm her crying six-week-old baby niece, and was able to do so by creating her very first baby cocoon. Since then, the company has been manufacturing baby swaddling products crafted from soft stretchy U.S –made cotton, including baby bunting sets, blankets, toddler dresses and skirts. As they expand, they continue to source more local fabric and trims, along with local equipment and machines.
Since utilizing EXIM Bank’s Express Insurance, which helps small businesses expand into new foreign markets, add new buyers, provide payment risk protection and extend competitive credit terms to foreign buyers, the company’s export sales have increased by 20 percent in just one year and they are currently looking to hire two new employees as a result.
"EXIM Bank’s wide range of financial products give innovative small businesses like Cozy Cocoon the confidence to enter new markets and reach customers around the world with their made-in-America goods,” said EXIM Bank Chairman and President Fred P. Hochberg. “We are proud to be able to help America’s small businesses grow and have a chance to compete in the global market place.”
“Working with EXIM bank has allowed us to attract more international clients by allowing us to offer them more competitive terms,” explained Cozy Cocoon Operations Manager Franco DeLisa. “We've been able to attract additional clients in our target markets as a direct result of using EXIM services.”