While some Foreign companies may have trouble financing their projects, FEECO International works with Export Import Bank, allowing FEECO to provide our customers with a nice alternative to some of the traditional methods of financing, such as a line of credit.
Export Import Bank, better known as Ex Im Bank, is the official export credit agency of the U.S. government, and helps finance the purchase of U.S. goods and services in international markets. Ultimately, their contribution to businesses both large and small, helps create and maintain jobs in the U.S., and also helps contribute to a stronger economy.
In order to be eligible, exporters must be located in the United States, have at least a one year operating history, and have a positive net worth. In order for exports to be eligible, exports must be shipped from the U.S., have at least 50% U.S. content, and services must be performed by U.S.-based personnel.
FEECO has been working with Ex Im Bank for around a decade, exporting equipment and services to locations around the world. “As a U.S. company doing business internationally, it has been very helpful for our customers to be able to work flexibly on financing,” said Lee Hoffman, General Manager and Vice President of Sales at FEECO. “At the end of the day, we’re helping create jobs here by exporting our American-made goods around the world.”
FEECO grew its roots in the fertilizer industry over 60 years ago, and has since grown to provide thermal processing, agglomeration, and material handling solutions to a variety of industries worldwide.