The U.S. Export-Import Bank (Ex-Im Bank) invited Ellicott® Dredges and its President Peter Bowe to speak at its "Exports Live! Real Deals, Real Profits" Seminar in Chicago, Illinois, November 10th
Ellicott® was the first presenter in a panel of success stories, following the event host, Ex-Im Bank Chairman and President Fred Hochberg, and Chicago's well-known Mayor Richard Daley.
The event attracted a standing room only crowd of 200 at Chicago's Fairmont Hotel. Boeing Chairman and CEO Jim McNerny was the luncheon keynote speaker.
Ex-Im Bank asked Ellicott® to describe how Ex-Im Bank's export finance programs have helped Ellicott® become the largest U.S. exporter of dredging equipment.
Bowe noted that Ex-Im Bank's export finance programs give its overseas dredge users a variety of options ranging from short term (one year and under) to medium term financing (3 to 5 years.)
This financing frequently offers lower rates, and higher loan principal percentages (meaning lower down payment) than alternative financing sources otherwise available to dredge users.
Bowe said that Ellicott® customers, including those for its IMS, Mud Cat™, and Liquid Waste Technology dredge brands, have used Ex-Im Bank for multiple countries such as Mexico, Argentina, Malaysia and Sub-Saharan countries like Nigeria.
Contact Ellicott® for more information on how we can help you finance your next dredge purchase.
For more information, contact:
Robin Manning, Sales Administrator
Ellicott® Dredges, LLC