The Import-Export Bank

The Export Import Bank of the United States is a lending institution created to support companies that need loans for various business deals where private lenders will not accept the financial risk.  It could be because the risk is too high, political reasons, or other reasons, but the bottom line is these businesses will not be able to continue operate without financing from the Export-Import bank.

Aviation companies play a huge role in the exporting industry of the U.S. Boeing is a global leader of aircraft manufacturing and plays a central role in trade between the U.S. and other countries.  This Article goes into detail about how Aircraft manufacturers are affected by the Ex-Im bank.  It states that 1/3 of the orders annually delivered are financed through Ex-Im financing.  Without the Ex-Im bank, many jobs would be lost because of a lack of financing for large orders of aircraft.

Companies and advocacy groups (Aerospace Industries Association) in the U.S. like the Export Import bank.  It creates and sustains jobs, it costs the tax payers nothing to operate, it allows companies to maintain competitiveness in a market struggling to come back from recession, it allows for deals to be made that would otherwise fall through, and it keeps us on an even playing field with other countries who also use government loan guarantors to help finance projects for companies such as Boeing.