Colorado Printing Company's CFO "Can Sleep at Night" Knowing Ex-Im Bank Reduces Nonpayment Risk

Exporter: Fiberlok, Inc. — Ft. Collins, COLORADO
Destination: Germany, Mexico and U.K.
Ex-Im Bank Product: Small Business Export Credit Insurance
Export Sales: 10+

Fiberlok is a specialty printing company that provides heat transfer graphics products such as computer mouse and drink coaster rugs. The company serves various markets, including textile and apparel, promotional ad-specialty, industrial, and retail products. It is family-owned with 70 employees and about 40 percent of its business is international. They sell worldwide but their primary markets are Germany, Mexico, and the U.K.

In 2008, the company discovered Ex-Im Bank through a direct mail campaign targeting small businesses and has been using the small business multi-buyer credit insurance since. Due to export sales growing 15 to 20 percent, their credit policy has increased to from $500,000 to a $600,000 limit. Through March 2011, the Bank has supported $2.7 million of Fiberlok's exports.

“ We can sleep at night because the insurance mitigates risk and enables us to offer credit to foreign buyers, ”

- Alan Ziglin, CFO