The U.S. Export-Import Bank will extend financial assistance to exporters and financial institutions located in the Texas Gulf coast and Louisiana, as well as Florida, which were negatively impacted by the two recent hurricanes, the agency said.
The U.S. Export-Import Bank will extend financial assistance to exporters and financial institutions located in the Texas Gulf coast and Louisiana, as well as Florida, which were negatively impacted by the recent hurricanes Harvey and Irma, the agency said.
“Small businesses often have difficulty resuming operations, and these customers have a lot more on their minds than their export finance obligations,” said Acting Ex-Im Bank chairman and president Charles J. Hall in a statement. “We’re here to help them get back up and running as soon as possible by providing them with flexibility on deadlines relating to the use of our products.”
Specifically, Ex-Im bank is offering assistance in areas that are declared to be federal disaster areas by President Trump for an initial period of six months to allow businesses and financial institutions that participate in the bank’s programs to return to their operations, and without penalty, due to missed deadlines or other delivery setbacks.
“Special consideration and assistance will be tailored to the customer and provided on a case-by-case basis,” the bank said.
Ex-Im Bank assists exporters in hurricane-ravaged areas
