Export Solutions for Black Entrepreneurs
For entrepreneurs of color who have a business plan and have scoped out an African country in which to do business, most times the only obstacle left is financing.
It’s that simple. Without adequate funding the business enterprise is not getting off the ground.
A valuable, relatively unknown resource for African American investors is the U.S Export-Import Bank, the official export credit agency of the United States. Ex-Im does not compete with private institutions. It works with lenders and brokers to ensure that U.S. businesses get what they need to sell abroad and be competitive in international markets.
The Bank was first established around the time of the Great Depression and recently celebrated its 80th Anniversary.
60 countries around the world have comparable agencies and the Ex-Im Bank’s mission is to support and sustain US job growth by helping to encourage and facilitate exports through financing.