So far this year we have seen increased concerns about the global outlook, particularly in China. Furthermore, sharply falling oil and other commodity prices had put the growth of the U.S. economy at risk. The sell-off in global equities that began just after the New Year sent shocks to the global financial markets. Are you and your business protected against these financial risks?
We have written a lot of blogs about how EXIM export credit insurances can give you the peace of mind that you will get paid when doing business in another country. But how do you know that you are a good candidate for EXIM services? We have compiled three simple questions that you or your exporters can use if they wondered whether they qualify for EXIM services.
- Do you need to extend (more) credit terms to your International customers in order to be competitive? What if you don’t get paid due to a currency issue, hostilities in the region, or end-user payment problems?
- Are your products made in the USA, and sold to customers all over the world? It’s widely known that American products are sought after by customers worldwide due to the quality reputation the USA holds.
- Is your company a distributor of less than 100 employees, or a manufacturer of less than 500 employees? This qualifies your business as an SME (Small Medium Enterprise).
If your answers are YES to the above questions, EXIM export receivables insurance can be your risk mitigating tool when selling internationally. EXIM Bank has insurance products to protect your International invoices from not getting paid. With a short application, EXIM can be a key component of your International growth plan.
EXIM offers policies that support businesses and exports of any size. No transaction is too large or too small.