America Energy Inc. is a Latino-owned company in Pembroke Pines, Fl that designs, manufactures and exports air compressors and vacuum systems.
The small company’s Chief Executive Officer Albetro Aure, a native of Venezuela, worked in the Air and Gas Compressor Industry for more than 20 years before he decided to establish a business of his own in 2007.
The idea was a no brainer for Alberto, and forming the enterprise in the state of Florida was all a part of his strategy. He wanted to reach markets outside of the US with a high-quality and certified American product.
With a large customer base in Latin America, the southeastern location yielded excellent delivery time in comparison to other manufacturers throughout the US and even in Canada. Not to mention having a team of fluent Spanish-speakers to assist with pre and post-sales support, and training, contributed to America Energy’s competitive advantage.
In September 2016, Alberto and his staff of five were ready to expand the company’s international presence. They learned about the Export-Import Bank of the United States (EXIM Bank) through various export-assistance programs led by Enterprise Florida, and with assistance from the Florida Export Finance Corporation they applied for an EXIM Bank Export Credit Insurance Policy.
EXIM Bank’s insurance policies help small businesses expand into new markets, add new buyers, and protect against foreign-buyer nonpayment, at an economical cost.
“We can now avoid or minimize any non-payment risk, provide a strong financial position to our company, and increase the opportunity to grow in each country we have a presence in and reach more customers,” Alberto said.
He explained that the company was able to increase sales and add customers in existing and new countries including Colombia, Guatemala, Peru, and Ecuador.
Alberto also utilizes an EXIM-commissioned broker from Risk Protection International, LLC to help manage the export credit insurance policy (at no cost) which allows him to focus on the day-to-day business operations.
Since 2009, EXIM Bank has authorized more loans to help grow minority-and women-owned businesses (MWOB) than it did over the previous sixteen years combined - making it the fastest growing sector in the Bank's small business portfolio. To learn more about EXIM Financing and its support for MWOBs, contact a specialist today.
ABOUT EXIM BANK: EXIM is an independent federal agency that supports and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working capital guarantees and export credit insurance, to promote the sale of U.S. goods and services abroad. Almost 90 percent of its transactions directly serve American small businesses. In fiscal year 2016, EXIM approved $5 billion in total authorizations to support an estimated $8 billion in U.S. export sales. Since 2009, EXIM has supported more than 1.4 million American jobs in communities across the country and sent $3.8 billion of surplus to the U.S. Treasury for deficit reduction.
Posted at 12:42 PM