Ex-Im Bank helps Dan's Fish Inc. sell Great Lakes fish and caviar in Baltic states
SEAFOODNEWS.COM [ENP] - October 21, 2014 -
Dan’s Fish Inc. is a small business based in Sturgeon Bay, Wis., that is selling Great lakes fish and caviar directly to wholesale and retail outlets in Estonia, Finland, and Sweden as a direct result of the support provided by the Export-Import Bank of the U.S.
‘Ex-Im Bank’s short-term multi-buyer export credit insurance program has benefitted Dan’s Fish, Inc. in several ways,’ said Gretel Sannikas, director of Dan’s Fish. ‘First, Dan’s Fish has been able to sell to a more diversified selection of clientele due to the ability to provide extended credit terms.
Also the program has helped to decrease the exposure to foreign political risks as well as risks associated with the non-payment by the foreign clients. Furthermore, the insured export accounts receivable program has helped Dan’s Fish to obtain and maintain essential financing from the local bank along with the SBA for the production of the export products and financing of the required export inventory.
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