The 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.
