But would you notice if the bank disappears at the end of September? If you’re one of the 7,000 businesses the bank says it helped between 2007 and 2014, it could make the difference between getting a big contract or not. If you’re a shareholder of Caterpillar, General Electric or Boeing — three of the biggest recipients of Ex-Im financing — you might notice slightly lower returns.
But overall, it only touches two percent of U.S. exports. And often, Ex-Im financing is something that’s just nice to have, not essential. As the chief financial officer of New Jersey-based Rastelli Foods, a big Ex-Im client, put it: “If their charter is not renewed, we will be scrambling to find trade insurance that is as flexible and easy to manage as that provided by Exim Bank.”
