Minority Business Development Agency, Ex-Im Bank Offering Export Loans; Joann Hill Comments

money-graphThe Minority Business Development Agency and the U.S. Export-Import Bank have extended an agreement to provide export loans to small and women-owned companies.

Small business can apply for export financing loans at the MBDA’s business centers in Miami, Los Angeles, Detroit and Phoenix through the Ex-Im Bank’s Global Credit Express program, Ex-Im Bank said Monday.

Joann Hill, chief of MBDA’s Office of Business Development, said the partnership aims to help minority businesses grow their footprint worldwide.

Small- and medium-sized export companies can obtain a six- or 12-month credit of up to $500,000.

“Ex-Im Bank welcomes the MBDA Business Centers in Miami, Los Angeles, Detroit, and Phoenix to the growing list of originators for the Global Credit Express Direct Loan Program,” said Fred Hochberg, Ex-Im Bank chairman and president.

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