JOC Staff | Oct 22, 2012 12:09PM EDT
Export-Import Bank of the United States reported a fourth-straight record-breaking year, approving more than $35.8 billion in authorizations in fiscal year 2012, ending Sept. 30.
The agency worked with more than 3,400 U.S. companies, 85 percent of which were small businesses. Small business financing rose more than 90 percent, from $3.2 billion in fiscal year 2008 to $6.1 billion this year.
Ex-Im Bank is on its way to meeting President Obama’s goal to double exports, Chairman Fred P. Hochberg said.