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Trade Acceptance Group Awarded Ex-Im Bank Broker of the Year

Monday, 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.