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Export Credit Insurance Testimonial - DemeTech

Blogged By: 
Ex-Im Bank
Created on August 18, 2016

Small business exporters can learn how EXIM products can empower them to increase foreign sales by clicking here or visiting the homepage at

Building Peace: Colombian Peace Presents New U.S. Business Opportunities


Created on August 18, 2016

After decades of civil unrest, the Colombian government reached a ceasefire with the Revolutionary Armed Forces of Colombia (FARC) on June 23, 2016. The ceasefire deal was the last major step in reaching a final peace agreement, expected by the second half of August, according to Colombia’s Minister of Post-Conflict, Rafael Pardo. Peace is expected to bring many benefits to Colombia, including improved rule of law, security, and increased investment. This improved business environment has the potential to open a number of new opportunities for to U.S. companies.The U.S. is an important trade and investment partner for Colombia. U.S.-based companies have been exporting an increased number products to Colombia since the U.S.-Colombia Trade Promotion Agreement went into effect in 2012.

U.S. goods exports to Colombia stood at $16.3 billion in 2015, having grown 14% since the implementation of the agreement - compared to just 1.2% growth in U.S. goods exports worldwide over the same period. This makes Colombia our third largest export destination in Latin America.

Texas Small Business Expands Sales Overseas With EXIM Bank's Insurance Policy

Blogged By: 
Amanda Rogers, Export-Import Bank Public Affairs
Created on August 15, 2016

Gabriel Ojeda runs a small concrete additive business called Fritz-Pak out of a modest warehouse just east of Dallas with his wife and son. Gabriel Ojeda runs a small concrete additive business called Fritz-Pak out of a modest warehouse just east of Dallas with his wife and son. They manufacture 40 different specialty products, including plasters you’d find in swimming pools or sports stadiums. Sales were steady—until the 2008 recession hit. Gabriel had to lay off three of his 14 employees, and was nearly forced to sell off the business. When Gabriel’s family came up with the idea of pursuing sales in global markets, they sought out private financing—but when a typical export sale is only 10 or 12 thousand dollars, a local bank isn’t always interested in financing. So when private financing proved unavailable, the company turned to the Export-Import Bank of the United States (EXIM Bank) for a reliable insurance package to protect their overseas sales. 

In 2011, EXIM Bank approved a $200,000 insurance policy which helped Fritz-Pak expand to Russia, Taiwan, China, and South Africa. With EXIM’s insurance the Ojedas were able to offer their new foreign buyers credit terms while protecting against the risk of not being paid.

MBDA Signs Memorandum of Understanding with Fundation LLC

Blogged By: 
Yifan Song, MBDA Intern
Created on August 9, 2016

 MBDA Deputy Director Albert K. Shen and Fundation CEO Sam Graziano sign MOUThe U.S. Department of Commerce Minority Business Development Agency (MBDA) signed a memorandum of understanding with one of the nation's leading small business lenders, Fundation Group LLC. Signing on behalf of MBDA was Deputy Director Albert K. Shen, and signing on behalf of Fundation was CEO Sam Graziano.

The official signing, which took place overlooking the U.S. Capitol, marks the beginning of a partnership designed to provide minority-owned business enterprises (MBEs) with access to business insights and strategies, while also increasing access to an additional source of alternative capital via Fundation’s online lending platform.

Entrepreneur of the Month - August 2016

Blogged By: 
Created on August 9, 2016

Donald L. Mooney: Donald L. Mooney Enterprises dba NURSES Etc. STAFFINGDonald L. Mooney is the founder and CEO of Donald L. Mooney Enterprises, and is a quintessential selection for our August Entrepreneur of the Month. Donald L. Mooney Enterprises provides human capital resources and workforce solutions to the public and private sectors, and has built a roster of clients that includes the United States Army, Air Force, and Navy.

Don comes from humble beginnings in Texas, where he was raised by his grandparents. He worked hard to obtain an appointment to the prestigious United States Military Academy at West Point. Don entered the U.S. Army, and retired as a Lieutenant Colonel after 22 years of service. In 1997, he started his second career, serving as Dean of Boys and Commander of Cadets at the high school from which he had graduated, San Marcos (Texas) Baptist Academy. By the year 2000, Don could no longer deny his entrepreneurial spirit. A conversation he had shared with the owner of a staffing company inspired him to start his own business. He had always loved working with people, gravitated toward the staffing business model, and found he could apply his knowledge as a former Operations Officer in the Army to that line of work. Don decided it was his time, and submitted three months’ notice to his alma mater. He had a desire to ignite generational wealth, and felt it was important to create a successful business for his grandchildren.

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