Export Finance Assistance Center of Washington Awarded Ex-Im Bank City-State Partner of the Year
April 10, 2012
(Ex-Im Bank)
Washington, D.C. – The Export Finance Assistance Center of Washington (State)
(EFACW) will receive the City-State Partner of the Year award from the
Export-Import Bank of the United States (Ex-Im Bank). The award will be
presented at the Bank's 37th Annual Conference, “Ex-Im –Your Competitive Edge,”
on April 12 in Washington, D.C. EFACW provides export-finance counseling to
current and prospective exporters based in Washington State.
An Ex-Im Bank City-State Partner since 1989, EFACW provides export-finance
matchmaking by referring small and medium-sized companies to banks, other
lenders, and insurance brokers to support their foreign transactions. EFACW also
helps clients identify prospective overseas buyers and assess their
creditworthiness.
“EFACW helps Washington small business owners realize that there are countless
opportunities in the global marketplace,” said Fred P. Hochberg, chairman and
president of Ex-Im Bank. “For more than twenty years, EFACW has worked closely
with Ex-Im, and we look forward to continuing our strong partnership so that
more products overseas have the “Made in Washington” label.” “EFACW’s success is
in large part due to our City/State Partner relationship with Ex-Im Bank and our
collaboration with the Washington State Department of Commerce and the U.S.
Export Assistance Center,” said John Brislin, president and CEO of the
Washington Export Finance Center. “EFACW looks forward to the opening of the
Seattle office of Ex-Im Bank so that together we can provide enhanced support
for Washington exporters.”
Last year, EFACW conducted over 300 trade-counseling sessions and held 50
presentations, including training for delegated authority lenders that can
commit Ex-Im’s working capital loan guarantees. EFACW also recently assisted a
small-business manufacturer of power generators in obtaining an Ex-Im
multi-buyer policy that enabled the company to sell competitively into seven new
markets that it would not have entered without insurance coverage to mitigate
the risk of non-payment.
Ex-Im Bank’s City-State Partners bring state and local nonprofit economic
development entities together to expand awareness of export opportunities and
financing. They advise local small businesses on exporting and enable them to
work with trade-finance specialists. More than 60 Ex-Im City-State Partners are
located across the country.
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