The Export-Import Bank of the United States (EXIM) Bank is the official export credit agency of the United States. Its mission is to support American job creation, prosperity, and security through exporting by unlocking financing solutions for U.S. companies competing around the globe. EXIM Bank helps level the playing field and fill gaps in private sector financing.
EXIM Bank offers various programs to aid small and medium-sized exporters with two specific objectives:
• To enhance an exporter’s success by incorporating insurance products that allow sellers to extend competitive credit terms to foreign buyers while mitigating risk and potential losses due to nonpayment of invoices (through export credit insurance); and
• To facilitate an exporter’s access to adequate and affordable capital from commercial lenders through loan guarantees and collateral eligibility of insured foreign account receivables.
For fiscal year 2023, EXIM Bank’s $8.7 billion in transactions supported upwards of 40,000 American jobs across the country — a win for U.S. businesses and the American people.
See the EXIM Fiscal Year 2023 Year in Review for highlights of some of EXIM Bank’s accomplishments in the 2023 fiscal year.
This February, EXIM Bank will celebrate its 90th anniversary. President Franklin Delano Roosevelt created EXIM as a tool to create jobs and support American manufacturing to bring the country out of one of the most tumultuous economic periods in U.S. history.
Today, EXIM continues to help U.S. businesses compete and succeed through promoting American entrepreneurism, innovation, and manufacturing.
The Board of Directors of the National Association of District Export Councils (NADEC) is conducting a survey in cooperation with the EXIM Bank.
The purpose of this survey is threefold: to better understand how well the above objectives are being met; to identify what additional assistance small and medium-sized exporters (SME) need from the EXIM Bank; and to gauge SME support for EXIM, including the bank’s next round of reauthorization by Congress.
Responses will provide important information to aid in the preparation of a summary report of respondent perspectives, needs and opinions. Responses will be confidential, meaning that the findings will be presented as summaries so individual responses cannot be identified.
To take the survey, visit this link. This survey will remain open through Friday, March 1, 2024.
With more than 100 foreign Export Credit Agencies (ECAs) providing broad financial support for their exporters, it is vital for U.S. industry to be supported by a strong, resourceful ECA (EXIM Bank). It is imperative that U. S. exporters are supported by an effective and well-resourced finance partner to ensure competitiveness. EXIM is a vital element for U.S. exporter success.
It is anticipated that the survey will provide helpful, current perspectives on EXIM and yield guidance for leadership regarding future needs and industry support for its continued growth and success.