Posts Tagged 'Export-Import Bank'

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In Defense of the Ex-Im Bank

In Defense of the Ex-Im Bank
The good news is that it looks like the Export-Import (Ex-Im) Bank will be reauthorized for the short term. The bad news is that it is widely misunderstood, to the detriment of small businesses and entrepreneurs.

To complicate things the Ex-Im Bank is a misnomer. It has nothing to do with imports and is not a bank. It provides loan guarantees to private banking institutions on behalf of American exporters. It also provides credit insurance. Everything it does, it does ...

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Shutting Down Ex-Im Bank Punishes American Entrepreneurs and Job Seekers

Shutting Down Ex-Im Bank Punishes American Entrepreneurs and Job Seekers

With all the barriers stacked up against American entrepreneurs, a bright spot has been access to working capital through the Export-Import Bank, which is essential if American exporters are to compete in the global marketplace. Ex-Im provides working capital guarantees, insurance and direct loans to American manufacturers, helping to open new foreign markets that allow the U.S. economy to grow, while creating good-paying jobs.

Yet some in Congress are leaning toward not reauthorizing the Ex-Im Bank. A vote is scheduled for ...

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