EXIM Board Votes to Renew Finance Facility for Boeing, Supporting Small Business Suppliers Across America

Excerpt:  “The Export-Import Bank of the United States (EXIM) Board of Directors voted unanimously today in favor of renewing a 90 percent guarantee of a $500 million facility for Citibank, N.A. under EXIM’s Supply Chain Finance Guarantee Program. The facility allows suppliers of The Boeing Company to receive accelerated payments on accounts receivable due from Boeing, and helps Boeing provide their numerous suppliers with competitive financing options. The transaction is estimated to directly support over 2,100 jobs at the company and throughout their network in all 50 states.”