Founded in 2013, Par Avion is a woman-owned and operated business that specializes in supplying surplus rotable, consumable and expendable parts for both Airbus and Boeing families.
After having spent 25 years working as an independent contractor, Taillieu had decided it was time to start a business of her own. Now, she and her team of seven supply commercial aircraft parts to airlines and maintenance repair shops around the world.
As an aftermarket aerospace supplier to the worldwide aviation market, more than half of Par Avion’s total sales are export-related.
To support the company’s exports, Taillieu obtained a loan from the Small Business Administration (SBA) which would require insurance to cover her foreign account receivables.
She learned about the Export-Import Bank of the United States (EXIM Bank) through her banker at Enterprise Bank and Trust and applied for an EXIM Credit Insurance policy to mitigate the risk of nonpayment from foreign buyers.
As the business continues to grow and expand into other markets, sales are projected to increase significantly and Taillieu can confidently start adding other international customers to her insurance policy from EXIM.
EXIM Bank has a business development team devoted to minority and women-owned businesses (MWOB) which work exclusively with these businesses. They provide hands-on guidance to small businesses and MWOB’s that wish to export and learn how to qualify for and access EXIM financing.
To find out more about EXIM financing and MWOB click here.
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ABOUT EXIM BANK:
EXIM is an independent federal agency that supports 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 and export credit insurance, to promote the sale of U.S. goods and services abroad. Almost 90 percent of its transactions directly serve American small businesses.
In the fiscal year 2016, EXIM approved $5 billion in total authorizations to support an estimated $8 billion in U.S. export sales. Since 2009, EXIM has supported more than 1.4 million American jobs in communities across the country and sent $3.8 billion of surplus to the U.S. Treasury for deficit reduction.