Export Opportunities Beckon Smaller Firms

US Banker, September, 2008 by Anthony Malakian

It may bruise the national ego that the Canadian loonie has pulled even with the U.S. dollar and the euro is trouncing the greenback, but there is a silver lining: America's relatively cheap exports are booming and have played a critical role keeping the U.S. economy out of recession. In the second quarter of 2008, the nation's GDP rose 1.9 percent thanks in large part to a 9.2-percent jump in exports.

In response, more and more small-business owners are looking to tap overseas markets. They realize exports are their biggest growth opportunity, and some banks are beginning to realize that opportunity includes them. "If they learn how to gain access to foreign markets, they're basically getting in front of more customers and they're going to be successful because they are...

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