WASHINGTON, March 5, 2014 /PRNewswire/ -- The Export-Import Bank of the United States (Ex-Im Bank) announced today that James G. Burrows, Jr. has been named the new Senior Vice President for the Bank's Small Business Group.
"Jim is a seasoned professional with public and private expertise in the field who will lead Ex-Im Bank's continued commitment to small business," said Ex-Im Bank Chairman and President Fred P. Hochberg. "In 2013, The Bank financed a record number of small businesses, helping to support thousands of jobs. Jim has been a terrific addition to the Bank and will undoubtedly help us reach even more small businesses in the future in his new role."
Burrows joined the Bank in October of 2012 as Vice President of Small Business Sales and Marketing and has been Acting Senior Vice President since October. His resume boasts more than 25 years of experience in the financial services industry and includes lending, marketing, product development and management.
ABOUT EX-IM BANK: Ex-Im Bank is an independent federal agency that creates and maintains U.S. jobs by filling gaps in private export financing at no cost to American taxpayers. The Bank provides a variety of financing mechanisms, including working-capital guarantees, export-credit insurance and financing to help foreign buyers purchase U.S. goods and services. In the past fiscal year alone, Ex-Im Bank earned for U.S. taxpayers more than $1 billion above the cost of operations.
In FY 2013, Ex-Im Bank approved more than $27 billion in total authorizations to support an estimated $37.4 billion in U.S. export sales and approximately 205,000 American jobs in communities across the country. For the year, the Bank approved a record 3,413 transactions-- or 89 percent--for small-businesses. Small business exporters can learn about how Ex-Im Bank products can help them increase foreign sales at http://go.usa.gov/ZVTd. For other information about Ex-Im, visit www.exim.gov.