Export-Import Funds for Small BusinessJanuary 5, 2022
On January 3, the Export-Import Bank of the U.S. (EXIM) released authorization data for small-business transactions in November 2021. As the nation’s official export credit agency, EXIM is charged with supporting American jobs by facilitating U.S. exports. During that November 2021, the agency approved 124 authorizations, providing funding of up to $141.6 million for small businesses that export American goods and services. The November small-business authorizations also include $20.4 million in support of women- and minority-owned businesses.
So far in FY2022, the agency authorized $332.3 million transactions for small businesses, making up thirty-one percent of the agency’s total authorizations. In FY2021, small businesses authorizations totaled over $1.6 million, representing 28.2 percent of all authorizations. Historically, around ninety percent of the total number of EXIM’s authorizations benefit American small businesses.
You can find out more here. EXIM will be releasing small business data every month.