Export Import Bank must be reauthorized by September 30th to help Colorado businesses!
200,000 Reasons the U.S. Needs the Ex-Im Bank
- U.S. jobs rely on exports. In fiscal year 2013, Ex-Im provided financing or guarantees for $37.4 billion in U.S. exports, supporting more than 200,000 American jobs.
- Small businesses rely on Ex-Im Bank to export their products. Nearly 90% of Ex-Im’s transactions—3,413—supported U.S. small businesses in 2013.
- Ex-Im Bank is vital to American competitiveness. Ex-Im support is often required to secure commercial financing or even to qualify to bid on overseas projects. Without Ex-Im, small businesses will lose out to their overseas competitors, many of which are backed by export credit agencies 18 times the size of the U.S. Ex-Im Bank.
- Ex-Im Bank paid down our national deficit by $1 billion for both 2012 and 2013, and has less risk than traditional lending institutions.