This story appears in the
August 1998 issue of
Entrepreneur.
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The Export-Import Bank (Ex-Im Bank) of the United States is
making it easier for franchisors and their foreign franchisees to
access funds for capital equipment and ongoing purchases of
U.S.-manufactured products and services through short- and
medium-term insurance programs.
"We help [foreign franchisees of U.S. companies or
distributors of U.S. products] who don't know what to do on the
financing end," says Christine Topoulos of the Ex-Im Bank,
which is based in Washington, DC.
"Franchising is an industry in which the United States has
a strong presence," says Topoulous, "and we'd like to
make sure American jobs grow by supporting growth
overseas."
To qualify, businesses must provide proof their products contain
at least 51 percent U.S.-made parts. For more information, visit
http://www.exim.gov, or call
(800) 565-EXIM, ext. 3515.