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Thursday, April 24, 2014
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Ex-Im Bank Annual Report Outlines Record Year for Small Businesses

22/01/2014 11:03 (92 Day 03:26 minutes ago)

The FINANCIAL -- The Export-Import Bank of the United States (Ex-Im Bank) released its Fiscal Year 2013 Annual Report highlighting its approval of more than $27 billion in authorizations that supported an estimated 205,000 American jobs. The Bank also approved more than 3,400 small-business authorizations, a new record, according to Ex-Im Bank.

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"I am proud to announce that nearly 90 percent of the Bank's transactions in FY 13 were for small businesses – an all-time high," said Ex-Im Bank Chairman and President Fred P. Hochberg. "Ex-Im Bank employees have done a remarkable job of ensuring that American entrepreneurs have the tools they need to succeed in international markets. Whether it's providing export-credit insurance to first-time exporters or working-capital guarantees to returning customers, Ex-Im Bank will continue to fulfill its mission of creating U.S. jobs."

Among the highlights from the 2013 Annual Report:

Ex-Im financing created or supported an estimated 205,000 export-related U.S. jobs.
In the last five years (FY 09 to FY 13), Ex-Im Bank has assisted in financing more than  
$188 billion of U.S. exports and supported 1.2 million American jobs.
In FY 13, Ex-Im Bank authorized financing for a record high 3,842 export transactions,
which totaled an estimated export value of $37.4 billion.
In FY 13, Ex-Im Bank approved 3,413 small-business authorizations – an all-time high.
Non-aircraft manufacturing was the industry with the highest authorized amount at
$8.5 billion, surpassing aircraft for the first time since 1997.
Approximately one in five transactions involved women- or minority-owned small businesses.

 

 

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