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U.S. Ex-Im Bank Invites Ellicott® Dredges to Present at its Export Financing Seminar

December 2009

Peter Bowe speaks at Ex-Im Chicago Seminar
Ellicott's new 60-ton Grove crane loading dredge for export December 2009

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
Email: [email protected]
Tel. 410-545-0232

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