Time for Export-Import Bank to Give Greater Support for Small Companies!

Export-Import Bank, an independent federal agency, should be doing more for small companies. A Congressional review of the effectiveness of the bank is said to be looming, with many conservatives stating that the loan guarantees and risk insurance provided by Export-Import are nothing more than corporate welfare.

Export-Import finances exports of U.S. goods and services, providing loan guarantees and direct loans for buyer financing, export credit insurance, and working capital guarantees for pre-export financing.
At the heart of the concerns that most of the dollars simply financed sales by large businesses even if more transactions, at least in number, involved smaller businesses. A major criticism is the failure of Export-Import to provide adequate details in its public notices.

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