Ex-Im Bank Establishes Direct Access for Veteran-Owned Small Businesses Seeking Export Financing
November 11, 2011
(Ex-Im Bank)
Washington, DC - The Export-Import Bank of the United States (Ex-Im Bank), today
affirmed its strong commitment to veteran's outreach by announcing a direct line
for business owners who are armed forces veterans. Former service members who
are interested in exporting their products overseas may contact Gus Grace, the
Bank's director of Veterans Relations, at 202-565-3910. Ex-Im's goal is to bring
government agencies, industry leaders, and veteran entrepreneurs together to
provide financing to veteran-owned businesses that export.
"This Veterans Day, there is no better way to honor our nation's veterans than
by ensuring they receive support when they complete their service," said Ex-Im
Bank Chairman Fred P. Hochberg. "Ex-Im Bank has expanded its veteran's outreach
program, and we are committed to providing veteran entrepreneurs with the tools
they need to succeed in today's global economy."
Disparities in capital access for veteran-owned firms are well-documented and
Ex-Im Bank has a dedicated team to help tackle this problem. The Bank is working
to reach more veteran-run small businesses and to support their export financing
requirements. Under the leadership of Chairman Hochberg, the Bank has expanded
its veteran's database to include more than 200 veteran-owned businesses and
organizations.
Ex-Im's Gus Grace can also be contacted at Gus.Grace@exim.gov.
Featured Veteran Small Business Transaction:
Cameron Lumber Company (CLC) is a veteran-owned, small business located in
Cameron, South Carolina. CLC has spent the last 60 years producing timbers and
lumber from southern yellow pine and it now exports to 15 countries, including
Egypt and Jordan. The company benefited from Ex-Im Bank's Express Multi-Buyer
Insurance Policy in June 2011. With the ability to extend terms to its
customers, the company hopes to prevent layoffs.
"I attended a seminar in Charleston with Ex-Im Bank, where I received export
assistance. Since then, Ex-Im Bank has allowed our company to extend better
credit terms to our customers," said Randy Hunt, Vice President of CLC.
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