Exporter: DemeTech Corporation – Miami, FL
Export Sales: $500,000 Credit Line
Jobs Supported: 60
DemeTech Corporation, a 100-employee manufacturer of medical and surgical supplies specializing in surgical sutures, has a $500,000 Ex-Im Bank multi-buyer policy that is enabling the company to support its export sales in over 80 countries and continue expanding markets. DemeTech also uses the Export Working Capital Program of the Small Business Administration (SBA) and the services of the U.S. Commercial Service to develop markets. Multi-buyer policyholders with an Ex-Im Bank or SBA export working capital loan are eligible for a 25 percent discount off premium rates.
More than 60% of DemeTech employees are working today to fill orders supported by Ex-Im Bank.
“We have expanded our distribution to over 80 countries, thanks in large part to Ex-Im Bank’s multi-buyer insurance. The ability to extend credit to buyers is key to our astronomical growth,” said DemeTech President and CEO Luis Arguello, Sr.