Small Business Left With ‘Bitter Taste’ After Deal With Export-Import Bank Goes Sour
“It’s hard enough dealing with international businesses,” Moorhatch said. “We thought that because it was a government service the government would help.”
By Heritage Foundation Melissa Quinn—— Bio and Archives--May 19, 2015
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For Induction Innovations of Elgin, Ill., the services provided by the Export-Import Bank seemed perfect for a small business. But after purchasing an insurance policy to protect its exports, the company of just 29 employees found itself left with a “bitter taste” from the bank after an overseas buyer failed to pay.
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