Small exporters will be among the most to benefit from the charter renewal of the Export-Import Bank of the United States and the most to suffer if Congress fails to act soon, according to leaders of the National Association of Manufacturers.
In addition to a new charter, which expires May 31, exporters are looking for an increase in the bank's lending cap from $100bn to $135bn. Although the bank has stepped up its efforts to assist small businesses in the past two years, the bank will have to turn away prospective exporters if it doesn't raise the lending cap, said NAM President Jay Timmons.
Read Full Article
Enjoy curated articles directly to your inbox.