EXIM Bank Announces FY 2016 Awards
April 7, 2017
(Ex-Im Bank)
Washington, D.C. – The Export-Import Bank of
the United States (EXIM Bank) announced its
award winners for FY 2016 at its Annual
Conference today.
Broker of the Year: Export Insurance
Services, Inc.
Export Insurance Services (EIS), a
Georgia-based broker licensed in 20 states,
specializes in trade credit and political risk
insurance and has consistently ranked as one of
EXIM’s top producers. In FY 2016, the company
recorded the fifth largest authorization dollar
amount ($96.3M) and sixth largest authorization
count (121). Of equal importance, small
business accounted for 82 percent of the total
authorization dollar amount and 93 percent of
the total authorization count. EIS posted
similar results in the three prior fiscal years
as well. The company’s customer base is
diversified and includes representatives from
numerous industries. EIS claimed the Broker of
the year award in both 2005 and 2007.
Community Lender of the Year: The Provident
Bank
Established in 1828, The Provident Bank is an
independent bank that focuses on commercial
lending and business services and has nine
offices throughout Massachusetts and New
Hampshire.
The Provident Bank is an active user of EXIM
Bank’s working capital guarantee program, short
term insurance, and has recently signed a
master guarantee agreement for the medium term
program. Moreover, the bank was granted
“delegated authority” under the working capital
guarantee program in 2015 at the “Community”
level, which empowers The Provident Bank to
approve up to $1 million for each facility and
up to $10 million in total facilities.
In 2016, The Provident Bank hosted a successful
international financing event at the University
of New Hampshire that drew 288 small- and
medium-sized businesses that built awareness of
EXIM products. EXIM’s former Vice Chair Wanda
Felton offered the keynote address.
Regional Export Promotion Program of the
Year: Florida Export Finance Corporation
The Florida Export Finance Corporation (FEFC)
is a not-for-profit corporation with a mandate
to expand employment and income opportunities
for Florida residents. Created in 1993, FEFC
has teamed up with EXIM for more than two
decades to boost Florida exports.
In 2016 alone, FEFC hosted 43 EXIM seminars and
workshops that led to 69 export credit
insurance referrals and 20 applications
submitted. Equally impressive, FEFC’s efforts
resulted in four medium/long term guarantee
applications.
Small Business Exporter of the Year (a):
CECA Supply & Services Inc.
CECA Supply & Services Inc. (CECA) of
Houston, Texas, has relied upon EXIM Bank's
working capital guarantee program for nearly a
decade to export oilfield equipment, including
piping, drills and compressors to Algeria and
contribute to the development of the oil and
gas industry.
Founded in 2002, CECA currently employs nine
people in Houston. Since taking advantage of
EXIM guarantees of working capital loans
extended by Amegy Bank of Texas, a member of
Zions Bancorporation (ZB N.A.), the company has
increased its sales from $5 million to just
over $60 million, all of which are
export-related. In FY 2016 alone, CECA exported
$52 million of goods and services with EXIM’s
support.
Small Business Exporter of the Year (b):
Preferred Popcorn LLC
Preferred Popcorn LLC is a small-business
vendor based in Chapman, Neb., that exports
popcorn, concessions supplies and coconut oil
to Mexico and other international markets.
Founded in 1998, the company currently employs
80 people in Nebraska, Indiana, Illinois,
Missouri, Washington and Kentucky.
Since its founding, the company has relied upon
EXIM Bank products and now fills orders in 70
countries around the globe. As a consistent
policy holder of EXIM Bank export credit
insurance, Preferred Popcorn has watched its
sales grow to $60 million, 50 percent of which
are export-related. In FY 2016 alone, Preferred
Popcorn shipped nearly $15.7 million of goods
under its EXIM insurance policy. Moreover, EXIM
Bank support has translated into approximately
25 new jobs.
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