Ex-Im Bank Insurance Policy Allows Newark Small Business to Sustain and Create Jobs
![Delaware Intercorp](https://webarchive.library.unt.edu/web/20121017055245im_/http://www.exim.gov/about/whatwedo/successstories/images/Delaware_Intercorp-1_1.jpg)
Delaware Intercorp
Exporter: Delaware Intercorp — Newark, DELAWARE
Destination: China & Taiwan
Ex-Im Bank Product: Multi-Buyer Insurance
Jobs Supported: 12
Delaware Intercorp, a small business that provides professional services and corporate documentation, has retained 11 employees and is about to hire one more as a result of its partnership with Ex-Im Bank. Also, the company's sales increased approximately 5% since joining Ex-Im Bank in 2008.
Delaware Intercorp was most recently authorized a $100,000 multi-buyer insurance policy from Ex-Im Bank and has seen growth in their major export markets, China and Taiwan. One benefit of the policy is Ex-Im Bank assumes the credit and country risks that the private sector is unwilling or unable to accept.
“
We are very fortunate. What Ex-Im insurance policy has done for us is extend more competitive terms to buyers and mitigate our risk and it has absolutely contributed to our growth.
”
- Russell Rozanski, President