The FINANCIAL — The Triangle Brass Manufacturing Company (Trimco) is the 2,500th new small business to benefit from Ex-Im Bank products since President Obama announced the National Export Initiative Jan. 27, 2010, according to Export-Import Bank of the U.S. Trimco is a minority-owned, Los Angeles-based business.
The company recently purchased a short-term, export-credit insurance policy after learning of Ex-Im Bank from the American Business Bank. Trimco currently employs 75 people at its Los Angeles location.
"It is fitting for us at Ex-Im to mark the 50th anniversary of Small Business Week with great news that gets to the heart of what we are about here — supporting U.S. jobs by promoting U.S. exports," said Fred P. Hochberg, Ex-Im Bank Chairman and President. "We set an ambitious goal of helping 5,000 U.S. small businesses support their jobs here at home by reaching 95 percent of the world's consumers abroad. And thanks to the hard work and innovation of American companies like Trimco, we're half-way there," he added.
Founded in 1959, Trimco exports brass, bronze, aluminum, and stainless-steel architectural door hardware for use in public buildings. Annual sales total $10 million, five percent of which are export-related, according to Export-Import Bank of the U.S.
"Our company has benefited from Ex-Im Bank, so we can now ship large orders overseas with confidence," said Martin S. Simon, president of Trimco. "We are proud to be the 2500th small business to partner with Ex-Im Bank since the inauguration of the National Export Initiative," he added.
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