GAO 08 915 Export Import Bank Performance Standards for Small Gao

Instructions and help about GAO 08 915 Export Import Bank Performance Standards For Small Gao

here's a story of a small business with a problem qualmark builds accelerated testing systems that find defects in electronics the company is headquartered in denver colorado but wants to operate globally the problem is that the firm's clients often take several months to pay for the equipment they order so qualmark has lots of money tied up in accounts receivable now if these receivables were in the u.s qualmart could use them as collateral to get a loan from a local bank but most banks are unwilling to provide loans against foreign accounts receivables what's a small company to do this is where the united states xm bank steps in exim is short for export import bank the exim bank is the official export credit agency of the united states federal government for a small fee the exim bank will guarantee qualmark's accounts receivables to a local bank which then allows it to borrow the money it needs to fuel its growth problem solved in addition to guaranteeing foreign accounts receivables