Ex-Im Loan Supports Georgia Small Business' Expansion Efforts
June 3, 2013
(Ex-Im Bank)
Loan is part of Bank's Global Credit Express
Program
Washington, D.C.-- In line with its focus on
boosting small-business exports, the
Export-Import Bank of the United States (Ex-Im
Bank) authorized a $50,000 Global Credit
Express (GCE) loan to Post Medical Inc. of
Alpharetta, Ga., to support the export of
disposal containers for needles, syringes, and
other sharps to buyers in Australia, Canada,
New Zealand, France, and Italy.
The Ex-Im Bank line of credit will support
$95,000 in exports and sustain two jobs in
Alpharetta.
"The Global Credit Express product was created
to help American small businesses like Post
Medical expand their export reach and increase
their sales, and this transaction demonstrates
its success," said Ex-Im Bank Chairman and
President Fred P. Hochberg. "In this case,
Ex-Im Bank's financing will bring state-of-the
art disposal containers to health providers
across the world and, at the same time, support
key small-business jobs here at home. Helping
American small business grow is a top priority
here at Ex-Im."
Founded in 1982, Post Medical researches,
develops, and produces products for the safe
handling and disposal of infectious medical
waste, especially needles, syringes, and other
sharps. The company's products are used in
hospitals, laboratories, nursing homes,
prisons, and jails, among other settings.
"Post Medical is very excited to partner with
the Export-Import Bank to continue our growing
export business internationally," said Matthew
Walker, president and chief operating officer.
"This partnership is crucial to support our
growing team of people and will enable us to
pursue additional overseas markets for our
sharps-disposal products in the Middle East and
Latin America."
Export Insurance Services served as the
originator for the GCE loan and the broker for
Trade Credit Insurance.
Ex-Im Bank's Global Credit Express program is a
pilot program currently offered through a
select number of Originating Financial
Institutions nationwide that delivers
short-term working capital loans directly to
creditworthy small business exporters. Through
this new program, U.S. exporters may be
eligible for a 6- or 12-month revolving line of
credit of up to $500,000. Global Credit Express
adds liquidity to the U.S. small business
export market by financing the business of
exporting rather than specific export
transactions.
Welcome to the Exporting Source
Your one-stop resource for finding help to export to new customers, to learn about government export programs, to join export-promoting trade missions, to sign up for trade conferences and training, and to link to other exporting services. Whether you're an old hand at exporting or just getting started, the Exporting Source provides a place to locate foreign customers, export financing and foreign investment assistance.