What The Heck Is Ex-Im?
Here are 9 facts about the U.S. export credit agency bank haters don’t want you to know.
1. The U.S. Export-Import Bank is an export credit agency that helps American companies sell their products overseas.
2. Only 1 percent of American companies export to the 95 percent of consumers located outside of U.S. borders.
3. Two percent of those exporters rely on the Ex-Im Bank.
4. There are industry and federal regulatory limits to what private sector lenders can do.
5. “The Ex-Im Bank has supported over 1.7 million U.S. jobs across the country since 2007 – including thousands of jobs at small companies that supply America’s big exporters.”
6. 59 other countries have export credit agencies that often offer far more support than Ex-Im provides to American companies.
7. Opponents like to focus on things that Ex-Im isn’t…
8. Ex-Im isn’t a government handout: all companies, both large and small, pay fees for the services of the Bank.
9. In conclusion, the Ex-Im Bank is pretty important for thousands of U.S. businesses and American workers.