Ex-Im Loan Supports Georgia Small Business' Expansion Efforts
June 3, 2013
(Ex-Im Bank)
Loan is part of Bank's Global Credit Express Program
Washington, D.C.-- In line with its focus on boosting small-business exports,
the Export-Import Bank of the United States (Ex-Im Bank) authorized a $50,000
Global Credit Express (GCE) loan to Post Medical Inc. of Alpharetta, Ga., to
support the export of disposal containers for needles, syringes, and other
sharps to buyers in Australia, Canada, New Zealand, France, and Italy.
The Ex-Im Bank line of credit will support $95,000 in exports and sustain two
jobs in Alpharetta.
"The Global Credit Express product was created to help American small businesses
like Post Medical expand their export reach and increase their sales, and this
transaction demonstrates its success," said Ex-Im Bank Chairman and President
Fred P. Hochberg. "In this case, Ex-Im Bank's financing will bring state-of-the
art disposal containers to health providers across the world and, at the same
time, support key small-business jobs here at home. Helping American small
business grow is a top priority here at Ex-Im."
Founded in 1982, Post Medical researches, develops, and produces products for
the safe handling and disposal of infectious medical waste, especially needles,
syringes, and other sharps. The company's products are used in hospitals,
laboratories, nursing homes, prisons, and jails, among other settings.
"Post Medical is very excited to partner with the Export-Import Bank to continue
our growing export business internationally," said Matthew Walker, president and
chief operating officer. "This partnership is crucial to support our growing
team of people and will enable us to pursue additional overseas markets for our
sharps-disposal products in the Middle East and Latin America."
Export Insurance Services served as the originator for the GCE loan and the
broker for Trade Credit Insurance.
Ex-Im Bank's Global Credit Express program is a pilot program currently offered
through a select number of Originating Financial Institutions nationwide that
delivers short-term working capital loans directly to creditworthy small
business exporters. Through this new program, U.S. exporters may be eligible for
a 6- or 12-month revolving line of credit of up to $500,000. Global Credit
Express adds liquidity to the U.S. small business export market by financing the
business of exporting rather than specific export transactions.
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