The Export-Import Bank of the United States (EXIM)
What is EXIM?
The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. EXIM is an independent, self-sustaining Executive Branch agency. Their mission is to support American jobs by facilitating the export of U.S. goods and services.
What Does the Export-Import Bank Do?
When private sector lenders are unable or unwilling to provide financing, The Export-Import Bank of the United States fills the gap. EXIM provides American businesses with the financing tools necessary to compete for global sales. In doing so, the Bank levels the playing field for U.S. goods and services against foreign competition in overseas markets. This helps American companies can create more good-paying American jobs.
EXIM is backed by the full faith and credit of the United States. As a result, EXIM can assume credit and country risks that the private sector is unable or unwilling to accept. The Bank’s charter requires that all transactions it authorizes demonstrate a reasonable assurance of repayment. Consequently, the Bank consistently maintains a low default rate, and closely monitors credit and other risks in its portfolio.
The wording above is that used by EXIM to describe itself and its role in promoting exporting by American businesses. If you believe it can be a useful resource for your business, visit the EXIM website to determine your eligibility and to learn what they can and cannot do for you.
Finally, if you have any questions about this or any other matter, please do not hesitate to contact your regular C J representative.
You may also contact C J’s Corporate Export Manager, Johanna Lively by email or by phone at 210-677-9351.
Our blog posts are for informational purposes only. While we use reasonable efforts to furnish accurate information, C J is not liable or responsible for the accuracy or reliability of any information contained herein.