The FINANCIAL -- More small business exporters throughout the United States will have access to revolving credit, thanks to a new product unveiled today by the Export-Import Bank of the United States.

Fred P. Hochberg, the chairman and president of Ex-Im Bank, joined President Obama in Seattle to outline details about the new product: Global Credit Express (GCE).

According to Ex-Im Bank, through GCE, small business exporters may be eligible for a revolving line of credit, up to $500,000 for 6 to 12 months. During the program's pilot phase, an initial $100 million in financing will be made available through a select number of lenders nationwide. Following the pilot, the Bank will evaluate the results of this direct loan program and determine whether to increase the available amount. The product is specially designed to finance the business of exporting rather than specific export transactions.

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