The U.S. Export-Import Bank has entered a cross-marketing partnership with the Finance, Credit and International Business Association, a division of the National Association of Credit Management, which represents thousands of credit and finance professionals.
The bank and FCIB signed a memorandum of understanding that conveys their mutual interest in providing information to business owners about how they may finance and expand export sales while sustaining U.S. jobs.
“At the Ex-Im Bank, our singular focus is equipping U.S. exporters with the tools they need to reach customers around the world and create jobs here at home,” said Fred Hochberg, the bank’s chairman and president, in a statement. “And we depend upon export finance and business credit professionals across America to connect us with entrepreneurs -- particularly those from the small business community -- who can benefit from the services we provide.”
As part of the agreement, FCIB will use its membership network to distribute information about Ex-Im’s risk-mitigating export credit insurance, loan guarantees, and working capital programs. FCIB contributes to the Trade Finance Guide published by the U.S. Commerce Department, and previously partnered with the International Trade Administration and U.S. Commercial Service.
“While FCIB does this through education, networking, certification and credit reporting, Ex-Im does it through its unique export financing products that fill gaps between what the private sector can provide, and what security an exporter needs to complete a sale. By working together, we can empower even more companies to access overseas markets, growing businesses and creating jobs,” said Marta Chacon, FCIB’s director for the Americas.