Ep. 223 | Empowering Exporters: Navigating Global Markets with EXIM Bank | Florida SBDC SBSS 2023 Series

In this episode, we have the privilege of hosting Elena Mendez from the Export-Import Bank of the United States (EXIM Bank). With over a decade of experience at EXIM Bank and an extensive background in international banking, Elena brings a wealth of knowledge to the table. Elena sheds light on the pivotal role EXIM Bank plays as the official US export credit agency. She emphasizes that the core objective of EXIM Bank is to promote, sustain, and amplify American jobs through fostering US exports. The agency's programs are centered around the prerequisite of significant US content, crucially contributing to the nation's workforce and economic growth. Delving into the details, Elena explains how EXIM Bank assists exporters with its various programs, including export credit insurance. This insurance safeguards exporters against non-payment from foreign buyers, enabling them to confidently engage in international trade. With a focus on small businesses, EXIM Bank collaborates closely with partners like the Small Business Development Centers (SBDCs) to ensure exporters are well-prepared for the global market. Elena also discusses the process of initiating EXIM Bank programs, emphasizing the importance of engaging with US exporters who meet the eligibility criteria. She highlights the collaborative nature of EXIM Bank's work, involving US suppliers, exporters, foreign buyers, and lenders. Elena's insights also extend to how EXIM Bank helps exporters secure financing, navigate government contracts, and diversify their revenue streams. She underlines that EXIM Bank's resources are often underutilized due to lack of awareness, making it crucial for exporters to explore these opportunities and drive growth. Join us for an enlightening conversation on how EXIM Bank empowers exporters, fosters economic growth, and contributes to a thriving global business landscape. Recorded live at this year’s Florida SBDC Network Small Business Success Summit hosted at The Westin Fort Lauderdale Beach Resort.  Learn more about the U.S EXIM Bank: https://www.exim.gov/