EXIM Financing Available at WaterSurplus
EXIM Financing is managed by the Export-Import Bank of the United States, the official export credit agency of the United States federal government. It is designed to assist in financing and facilitating U.S. exports of goods and services in situations when private lenders are unable or unwilling to provide financing. The Export-Import Bank of the United States (EXIM Bank) is one of approximately 60 export credit agencies operated by countries around the globe.
EXIM Financing and WaterSurplus
WaterSurplus maintains all EXIM Bank requirements to provide our international customers with a variety of credit options when purchasing from WaterSurplus. Working directly with us, customers can be set up with a variety of credit instruments ranging from terms on short-term invoices to long-term project financing.
WaterSurplus actively exports water treatment products and engineered solutions to hundreds of customers in over 60 countries. With very simple paperwork, our international clients can enjoy free or very inexpensive credit, while we manage our risk of default. This program reduces the need for expensive Bank Letters of Credit. Managing our international receivables, with the help of EXIM Bank, allows WaterSurplus to continue to develop our global relationships.
Global Product Distribution
Over the last three decades, WaterSurplus has leveraged our large stock of new, refurbished, and surplus water treatment systems and equipment to develop a strong global network of water treatment customers. This network has proven to be a powerful channel to market for our innovations and those of our partner vendors and original equipment manufacturers.
EXIM Bank History
EXIM was established in 1934 by executive order and was made an independent agency of the Executive branch by Congress in 1945. The Bank’s stated purpose is financing and insuring foreign purchases of United States goods for customers unable or unwilling to accept credit risk. In 2007, EXIM became a self-sustaining agency, self-funding all new loans. Those loans are still backed by the federal government.
The mission of the Bank is to create and sustain U.S. jobs by financing sales of U.S. exports to international buyers. The Bank is chartered as a government corporation by the United States; its charter was last extended in 2019 through the end of 2026.
Some major historical projects that received financing through the EXIM Bank include:
- Pan-American Highway connecting Alaska to Chile as it passes through 14 countries, started in 1936
- Post-WWII reconstruction from the end of the Lend-Lease program in 1945 to the beginning of the Marshall Plan in 1947
- Marshall Plan supporting non-Economic Recovery Act nations in North and South America