The week of September 5th 2016 Apple Computer introduced the iPhone7. The year before they sold more iPhones in China than in the U.S. and the company’s revenue was $231 billion. Yet in 1976, they were just two guys in a garage.



EXIM Bank exists to support American jobs by facilitating the export of U.S. goods and services. In accomplishing this mission, the Bank works with companies of all sizes and in fact, in 2015, small business transactions represented nearly 90 percent of all EXIM Bank transactions with authorizations totaling $3 billion. EXIM Bank does not compete with commercial lenders, we fill the gap when banks and financial institutions determine that a small business opportunity does not align with their strategic markets.

So how small is too small? No such thing. No company, no transaction is too small to be protected from the risk of non-payment on foreign receivables. Exporting is proven to improve companies in many ways. For small companies, however, the risk of not being paid on products shipped overseas could have a devastating impact on the business. That’s where EXIM Bank comes in.

Express Insurance from EXIM Bank is a low cost way for small businesses to protect their assets while growing revenues and profitability by exporting. It’s a win-win for the buyer and the seller. With Express Insurance, the U.S.-based seller can offer credit terms to foreign buyers with the confidence of knowing their receivables are covered for loss. The seller has peace of mind, the buyer gets time to pay the bills. The policy has no application fees, no deductible and premiums are only paid on the items that ship each month. As an example, let’s say the holder of an EXIM Bank Express Insurance policy offers 60 day credit terms to a new foreign buyer. The premium is 65 cents per $100 of goods sold. An order for $30,000 worth of goods sold to an international buyer is covered to 95 percent ($28,500) at a premium of $195. It’s a beautiful thing.

Express Insurance is just one of several offerings by EXIM Bank that empowers small businesses to export. Want to learn more? Request a free consultation from an EXIM Bank representative and unleash the potential for success!

Susan Kintanar

Regional Director, EXIM Bank

EXIM Bank helps exporters improve cash flow, protects exporters from nonpayment by international buyers and mitigates the risk of extending credit terms to foreign customers, improving competitiveness in international markets.