Export-Import Bank Small Business Success: Semi-Bulk Systems of Fenton, Mo.
March 20, 2015
(Ex-Im Bank)
Washington, D.C. – Semi-Bulk Systems (SBS) is a
manufacturer of modular engineered process
solutions involving dry ingredient handling and
dry and liquid mixing systems for the food,
beverage, and paint industries based in Fenton,
Mo.
As a result of financing support provided by
the Export-Import Bank of the U.S., (Ex-Im
Bank) the company has witnessed a considerable
increase in export sales to global
markets.Founded in 1975, the St. Louis area
company began utilizing Ex-Im Bank's export
credit insurance, which empowers companies to
increase export sales by limiting their risk of
buyer nonpayment. The company employs 30 people
in Fenton, Mo.
"Without Ex-Im support, it would be difficult
to pursue opportunities and offer products and
services to our international customers around
the world," said Charles S. Alack, CEO and COO.
"With Ex-Im support, however, our export sales
have grown from 10 percent of total sales up to
50 percent."
"Small businesses in Missouri like SBS that
wish to boost their sales abroad and support
more good-paying jobs at home have a reliable
ally in Ex-Im Bank," said Ex-Im Bank Chairman
and President Fred P. Hochberg. "In FY 2014
alone, Ex-Im Bank supported $83.9 million in
Missouri exports, 67 percent of which were
small business exports."
SBS has brokered with World Trade Consult LLC
and banked with Cass Lender. A list of brokers
facilitating the Bank's insurance policies can
be found on Ex-Im's web site at http://www.exim.gov/about/whoweare/partners/insurance-brokers.cfm.
For more information about Ex-Im products and
services, call 1-800-565-EXIM or visit www.exim.gov.
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