Show Your Support for the Export-Import Bank
We need your help to secure a long-term reauthorization of the Export-Import Bank.
Ex-Im Bank is operating on a short-term extension of its charter which expires on June 30, 2015.
164,000 Reasons the U.S. Needs Ex-Im Bank
- U.S. jobs rely on exports. In fiscal year 2014, Ex-Im Bank provided financing or guarantees for $27.5 billion in U.S. exports, thereby supporting more than 164,000 American jobs.
- Small businesses rely on Ex-Im Bank to export their products. Nearly 90% of Ex-Im’s transactions supported U.S. small businesses in 2014.
- Supported $10.7 billion in exports from U.S. small businesses.
- Maintained a historically low default rate of 0.175% as of the end of FY14.
- Nearly $14 billion – more than 68% -- of Ex-Im Bank reauthorizations supported U.S. exports to emerging markets, where commercial banks are often more reluctant to lend.
- Last year Ex-Im Bank sent $674.7 million to the U.S. Treasury as surplus for American taxpayers. Over the past two decades, Ex-Im has generated a surplus of nearly $7 billion.
- Ex-Im Bank is vital to American competitiveness. Ex-Im support is often required to secure commercial financing or even to qualify to bid on overseas projects. Without Ex-Im, small businesses will lose out to their overseas competitors, many of which are backed by export credit agencies 18 times the size of the U.S. Ex-Im Bank.
Learn more about Ex-Im Bank.
Coalition of Support
The U.S. Chamber of Commerce is part of a broad coalition that supports reauthorization of Ex-Im Bank. Over 800 businesses of every size and sector have signed on to encourage Congress to reauthorize the Ex-Im Bank charter. Read the letter to Congress and the list of supporting organizations - from Auburn Manufacturing Inc. in Mechanic Falls, ME to Alliance Rubber Company in Hot Springs, AR.
On September 10, eleven associations sent a letter to Congressional leaders urging them to reauthorize Ex-Im Bank. Read the letter here.
Small Business Ex-Im Testimonials
Small businesses often rely on Ex-Im Bank to secure commercial financing or even qualify to bid on overseas projects. Without Ex-Im, small businesses will lose out to their overseas competitors, many of which are backed much larger export credit agencies. See how vital Ex-Im Bank is to American competitiveness by reading small business success stories or follow the conversation on Twitter by following #ExIm4Jobs.
ProGauge Technologies, Inc.
"Nobody is going to take the place of Ex-Im. We’re already working with a private bank. Without Ex-Im, we wouldn’t have the collateral required for our projects and revenues would go down by about 75%. I’d have to lay off between 50 – 60 people. Ex-Im is critical to our business." Read full story here.
Patton Electronics Co Inc.
We started exporting in the 1990s and now sell to over 120 countries. The Ex-Im Bank enables us to export to this many markets, as it provides loan guarantees and insurance on our receivables.
President and CEO