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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. 

Bakersfield, CA

"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.

Don Nelson
President
www.progauge.us


Patton Electronics Co Inc.

Gaithersburg, MD

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.

Bobby Patton
President and CEO 
www.patton.com

Read more 

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