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Ex-Im Bank Insurance Policy Allows Newark Small Business to Sustain and Create Jobs
Delaware Intercorp was most recently authorized a $100,000 multi-buyer insurance policy from Ex-Im Bank and has seen growth in their major export markets, China and Taiwan, The small company provides professional services and corporate documentation, has retained 11 employees and is about to hire one more as a result of its partnership with Ex-Im Bank.
Exporter: Delaware Intercorp — Newark, DELAWARE Destination: China & Taiwan Ex-Im Bank Product: Multi-Buyer Insurance Jobs Supported: 12 Delaware Intercorp, a small business that provides professional services and corporate documentation, has retained 11 employees and is about to hire one more as a result of its partnership with Ex-Im Bank. Also, the company's sales increased approximately 5% since joining Ex-Im Bank in 2008. Delaware Intercorp was most recently authorized a $100,000 multi-buyer insurance policy from Ex-Im Bank and has seen growth in their major export markets, China and Taiwan. One benefit of the policy is Ex-Im Bank assumes the credit and country risks that the private sector is unwilling or unable to accept. “ We are very fortunate. What Ex-Im insurance policy has done for us is extend more competitive terms to buyers and mitigate our risk and it has absolutely contributed to our growth. ” - Russell Rozanski, President