WASHINGTON - The Export-Import Bank of the United States has announced a new program through which commercial banks can use its insurance to guarantee loans to small and midsize American exporters.

Under the program, the Export-Import Bank delegates authority to a commercial bank to handle credit management of the policy.

The bank then approves lines of credit for its export customers, and qualifies the foreign buyers and related accounts receivable that support the line of credit.

Banks interested in applying for the program should contact the Export- Import Bank's business development division at 202-565-3900.

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