The Export-Import Bank of the United States (EXIM) recently launched a new series of Export Credit Insurance guides to highlight the economic impact of exporting in every U.S. state and territory — underscoring the growth potential for small businesses that lies in the global marketplace.
The guides cover all 50 states, five U.S. territories, and the District of Columbia — plus a Spanish-language version for Puerto Rico. They feature information about the top global markets and products exported from each area along with other export data tailored to each location. The guides outline the financing tools EXIM has available for small businesses looking to export and the ways those tools can be utilized. You can find the guides here.
“EXIM has long touted the importance and effectiveness our nation’s small businesses have had on local and state economies,” said EXIM President and Chair Reta Jo Lewis. “I am so proud to announce these useful guides. These guides further highlight how beneficial exporting is for companies while showcasing the financial toolkit we can leverage to drive our mission of supporting the American exporter.”
Click here to download your state's guide.
Providing Tools for Strategic Growth
With 95 percent of the world’s consumers located outside the United States, companies of all sizes can increase their sales and grow their business by exporting their American-made goods and services around the globe. In recent years, U.S. exports have topped $3 trillion, illustrating the possibilities.
The 57 new state guides are designed to help U.S. companies begin or expand their export journey by understanding the EXIM trade finance tools that can offset the risk of doing business internationally. EXIM's Export Credit Insurance is an insurance policy that covers international receivables and can:
- Provide protection from the risk of not getting paid.
- Allow companies to offer attractive credit terms that can make them more competitive.
- Expand a company's borrowing base for improved cash flow.
“These guides were created to educate and inform small businesses about the opportunities to grow revenues through exporting,” said Chair Lewis. “Approximately 90 percent of EXIM’s transactions are in support of small businesses and we are here to help existing exporters expand their markets and new exporters to get started.”
To find out how EXIM can help your business compete in the global marketplace, schedule a free consultation with a trade finance specialist and start your export journey today.
