Ex-Im Bank approves record loan

Friday, September 28, 2012

The U.S. Export-Import Bank has approved a $4.975 billion direct loan to Sadara Chemical Co. for the export of American goods and services required to build a petrochemical complex at Saudi Arabia’s Jubail Industrial City II. According to estimates calculated from U.S. Census Bureau statistics, the financing will support about 18,400 American jobs, 12.5 percent of which come directly or indirectly from small businesses, in 13 states. Among the roughly 70 American exporters involve...

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