“The Bank does not support small businesses. Most of the Bank’s funding goes to large corporations such as Boeing—a recipient of 68 percent of EXIM’s loan guarantees and 30 percent of EXIM’s overall activities.”
Citation: Project 2025, Section 4.3: Export-Import Bank, Veronique de Rugy, page 754, paragraph 1
Context:
It’s an absolutely outrageous lie that Ex-Im doesn’t support small businesses. 90% of their transactions are with small businesses (source below.) In terms of percent of total funding disbursed, de Rugy is correct that the bulk goes to larger corporations.
“Small business exporters need certainty and protection to tackle new markets, expand and create jobs. In FY 2014, nearly 90 percent of EXIM Bank’s transactions – more than 3,340 – directly supported American small businesses.” [Source]
Full contextual analysis of Section 4.3: Export-Import Bank here.
Section: Section 4.3: Export-Import Bank
Categories: Imports & Exports, Small Businesses