EXIM: Supporting American Businesses in International Trade

What is EXIM?

The Export-Import Bank of the United States (EXIM) is the official export credit agency of the United States. As an independent Executive Branch agency, EXIM provides financing and other assistance to American businesses to help them compete in the global marketplace.

Mission and Purpose

EXIM's mission is to support American jobs by providing financing to U.S. exporters and their foreign buyers. By facilitating exports, EXIM helps American businesses create and sustain high-paying jobs in the United States.

Services Offered

EXIM offers a variety of financing and insurance products to support U.S. exports. These products include:

• Loans and guarantees: EXIM provides loans and guarantees to help U.S. exporters finance their export sales. These loans can be used to cover a variety of costs, including working capital, equipment purchases, and marketing expenses.
• Insurance: EXIM offers insurance to protect U.S. exporters from political and commercial risks. This insurance can help exporters protect their investments from events such as war, terrorism, and currency fluctuations.

How EXIM Benefits American Businesses

EXIM's financing and insurance products help American businesses:

• Win new export contracts: EXIM's financing can help U.S. exporters compete with foreign competitors who have access to government-backed financing.
• Expand into new markets: EXIM's insurance can help U.S. exporters enter new markets that may be too risky for them to enter without government support.
• Create and sustain jobs: By supporting U.S. exports, EXIM helps American businesses create and sustain high-paying jobs in the United States.

Conclusion

The Export-Import Bank of the United States (EXIM) is a vital tool for American businesses that export their products and services. EXIM's financing and insurance products help U.S. exporters win new contracts, expand into new markets, and create and sustain jobs in the United States.