ANNOUNCEMENT 07 Sep 2012In September 2012, the Export-Import Bank of the United States (EXIM) provided a guarantee for a working capital loan given to Grove Services, Inc..
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USAspending.gov. Award profile. Summary.
EXIM Bank of the United States. Data. Authorizations From 10/01/2006 Thru 12/31/2020.
deal.number = 08086049XB0001
unique_identifier = 08086049XB0001
Export-Import Bank of the United States (EXIM), Financing Solutions, Working Capital Loan Guarantee. Available at:
EXIMs working capital guarantee funding backs the loans from commercial lenders to U.S. businesses that export over the term of the loan. With this support, the government-owned corporation gives the commercial lender the confidence to provide funding to American businesses to produce US-made exports. Under the scheme, a US business applies to a commercial lender for a working capital loan to fulfil an international sale and EXIM guarantees the transaction minimising risks.
According to EXIM, its mission is to provide trade finance 'in cases where the private sector is unable or unwilling to provide financing or when such support is necessary to level the playing field due to financing provided by foreign governments to their exporters that compete with U.S. exporters'.
EXIM is the export credit agency of the United States that provides competitive financing to businesses to facilitate the export of U.S. goods and services to foreign buyers. EXIM provides direct loans, loan guarantees, export credit insurance, and guarantees of working capital loans to help businesses compete in foreign markets.