Tuesday, January 21, 2020 11:12:23 AM
"GE can offer the best workforce and the best technology, but without the ExIm Bank, they can’t match the financing that a foreign airline gets from the United Kingdom when they buy Rolls Royce engines."
from https://www.banking.senate.gov/newsroom/minority/brown-floor-speech-on-the-export-import-bank-of-the-united-states
If you do a search you will find GE encouraged workers to support EXIM bank to help their foreign trade. So I don't think GE needed EXIM to survive, but did need them to maximize their sales and profits.
Seems like it is the financing of the loan that wins, so a foreign government gives cheaper loan that American banks. I'm wondering if AON lending terms also couldn't compete with EXIM. From the EXIM website it seems like 90 to 180 days is the typically time for an EXIM loan of mid-size to go through. Waiting 2 to 5 months is a long when when the heavy dilution weighs over our heads.
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