Private Export Funding Corporation

New York, NY United States

 

Company Description

Private Export Funding Corporation (PEFCO) wants what's "Made in America" to make it outside America. The company, established with the help of the US Department of the Treasury and the Export-Import Bank of the United States, supports the export of US-made goods by purchasing loans in the secondary market from commercial lenders that finance US exports. Lenders sell loans to PEFCO to improve profitability, remove low-yielding assets or loans in high-risk countries from their balance sheets, free up credit capacity for other borrowers, and to reduce the size of their loan portfolios. PEFCO shareowners include major commercial banks involved in US export financing, as well as industrial export companies.