This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

Ex-Im Bank Announces 2,000th New Small Business Customer Since Launching Global Access For Small Business Program

WASHINGTON, Nov. 9, 2012 /PRNewswire-USNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) today announced that National Recycling Inc. of Milwaukee, Wis. is the 2,000th small business to join the list of first-time users of the Bank's export finance products since launching the Global Access for Small Business (Global Access) program. The company reprocesses plastic, metal, cardboard, and paper scrap for industrial reuse into new products.

(Logo: http://photos.prnewswire.com/prnh/20110414/MM83673LOGO)

Global Access, which was launched in January 2011, was created to support President Obama's National Export Initiative (NEI) and its goal of doubling U.S. exports by 2015. In addition to bringing 5,000 more small businesses into the Ex-Im Bank portfolio, it aims to approve at least $30 billion in small-business transactions during the NEI's five-year period. To reach these benchmarks, Ex-Im Bank introduced new financing and insurance products, such as Global Credit Express and Express Insurance.  National Recycling Inc., brokered by Meridian Finance Group, selected the Express Insurance product.

"In order to compete globally, U.S. companies have to look outside our borders for new customers," said Ex-Im Bank Chairman and President Fred P. Hochberg. "American workers are second to none, and Ex-Im Bank remains committed to ensuring that small businesses like National Recycling Inc. are successfully exporting." 

"Ex-Im Bank gave our company the confidence to pursue foreign buyers," said Dave Doern, president of National Recycling Inc. "With the Bank's support, we have established relationships with new and potential customers. This has allowed the company to expand our sales efforts internationally."

Ex- Im Bank has hosted more than 40 Global Access forums across the country that have attracted thousands of small business owners. In addition, the Bank has sponsored monthly webinars for hundreds of exporters that feature various financing products.

Global Access Partners include; U.S. Chamber of Commerce, The Department of Commerce (U.S. Commercial Service), The Office of the U.S. Trade Representative (USTR), U.S. Small Business Administration (SBA), National Association of Manufacturers (NAM), FedEx, Wall Street Journal, PNC Bank, Bank of America Merrill Lynch, Wells Fargo Bank, and HSBC Bank USA, N.A.

About Ex-Im Bank

Ex- Im Bank is an independent federal agency that helps create and maintain U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. In the past five years (from Fiscal Year 2008), Ex-Im Bank has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations. The Bank provides a variety of financing mechanisms, including working capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services.

Ex- Im Bank approved $35.8 billion in total authorizations in FY 2012 – an all-time Ex-Im record. This total includes more than $6.1 billion directly supporting small-business export sales – also an Ex-Im record. Ex- Im Bank's total authorizations are supporting an estimated $50 billion in U.S. export sales and approximately 255,000 American jobs in communities across the country. For more information, visit www.exim.gov.

SOURCE Export-Import Bank of the United States

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,122.01 +15.31 0.09%
S&P 500 2,000.12 +0.10 0.00%
NASDAQ 4,569.6210 -1.0160 -0.02%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs