Exporter: Planson International Corp. – New Gloucester, Maine
Ex-Im Bank Product: Working Capital Lender Loan Guarantee
Jobs Created: 6
Planson International Corp., a small, woman-owned business, is a supplier to the United Nations, NGOs, the U.S. government, International Finance Institution borrowers, USAID projects, and emerging market private sector clients. For more than 20 years, Planson has been providing IT hardware and software, communications, test and measurement, GPS, GIS, surveying, security, and office equipment to the aid and development community in over 109 countries.
With Bank of America as its lender, Planson used a $1.5 million revolving working capital loan guarantee from Ex-Im Bank to export computers and software to Sudan for use during the historic referendum for Southern Sudan Independence. The technology was used for voter registration, demographic data analysis, vote tallying, and post-referendum policy development.
The company's sales grew 20% in 2010 to over $12 million while its fulltime employees grew 50%.
"Ex-Im Bank's working capital guarantee gave us the ability to achieve this growth. We simply could not have reached this level of success without Ex-Im's backing. And we are very proud that this financing allowed us to support the important referendum in Sudan," said Planson's President Connie Justice.