Trade Acceptance Group Awarded Ex-Im Bank Broker of the Year
April 9, 2012
(Ex-Im Bank)
Minnesota Company Helps Small Business
Exporters
Washington, D.C. – Trade Acceptance Group, a
trade finance company headquartered in
Minneapolis with offices in Chicago, will
receive the Broker of the Year award from the
Export-Import Bank of the United States (Ex-Im
Bank). The award will be presented at the
Bank's 37th Annual Conference, "Ex-Im –Your
Competitive Edge," on April 12 in Washington,
D.C.
Trade Acceptance Group provides Ex-Im Bank
services including short-term insurance,
working capital guarantees, and medium-term
insurance and loan guarantees for foreign
buyers, as well as offering credit reports,
consulting and training services.
"Trade Acceptance Group has done a remarkable
job of supporting small business exporters,"
said Fred P. Hochberg, chairman and president
of Ex-Im Bank. "Ex-Im Bank applauds Trade
Acceptance Group's aggressive outreach efforts,
and we look forward to continuing our
partnership and helping to create more U.S.
jobs in the process."
"Our relationship with Ex-Im Bank long precedes
TAG's 16 year history as a broker; they were an
extremely important resource to our clients
when we were international bankers," said Curt
Hanson, Principal, TAG. "They are now more than
ever a key success factor for our clients whose
export activities depend on Ex-Im Bank's
support to grow and flourish. Our success is
really a function of our clients’ success and
both depend on Ex-Im Bank".
Most of Trade Acceptance Group's business
involves Ex-Im Bank-supported transactions,
although the company works with all insurers
covering the export credit market. In addition
to working with U.S. exporting firms, it works
with U.S. banks that have exporting clients,
including many independent community banks that
provide a good source of small business
clients. Trade Acceptance Group also works with
regional banks and larger companies and has
clients coast-to-coast.
In FY 2011, Trade Acceptance Group was
recognized as one of Ex-Im Bank’s top brokers
and most active broker for Small Businesses.
TAG was also recognized as Ex-Im Bank’s Broker
of the Year in 2002 and 2008.
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