Export Import Bank re-authorization update

September 28, 2015

dried upGE reports moving jobs to China, Boeing cites losing contracts in Singapore, and Caterpillar wonders aloud if Congress understands the negative impact to small and mid-size manufacturers in its export supply chain.  Meanwhile Export Import Bank remains closed.   Supporters’ hopes re-authorization would be attached to a highway funding bill in September appear dashed.  Now talk is October.  Passing a national budget to avoid another shutdown takes center stage, and Congress remains at an impasse as to when Export Import Bank will reopen.

Fortunately for exporters and lenders, the commercial insurance market has added a number of new suppliers in the past year.  It is possible to secure insurance for a single export customer or portfolios.  For short and medium term customer payments.  Quickly and at reasonable prices.

Insurers are offering the proposals at no cost to exporters and lenders, and in some instances are agreeing to waive their contract minimums.  Depending on the number of export customers to be insured, an executable term sheet can be available within 3 – 10 business days.

Insurers are offering exporters and lenders some interesting upgrades:
Non cancelable customer credit lines.
– Annual premiums as low as $10K.
– Investment grade rated protection.
– Quick turn.

Click on the above button to calculate upfront the cost of an export credit insurance program, or request a call by completing the form below.  If you choose to calculate a cost, and it works for your company, contact us.  We’ll answer questions, provide context, and help complete the online request for proposal.

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Dawson Beattie

Dawson Beattie leads CreditEureka as President and founder. He has helped companies navigate international credit markets through nearly 20 years of shifting market conditions. He has helped companies in retailing, mining, technology, life sciences, and agriculture.