NCSB grows sales in China
WASHINGTON: With the export financing support of the Export-Import Bank of the United States (Ex-Im Bank), a small North Carolina food manufacturer will be significantly increasing sales of its signature “Miss Jenny’s Pickles” to stores in Mainland China.The sales increase is being made possible as the company that produces them, Old Orchard Foods, LLC, becomes the 500th small business using the Bank’s ‘Express Insurance’ product. Old Orchard was started in January, 2010 by two self-described “burnedout” stockbrokers, Jenny Fulton and her former sales assistant, Ashlee Furr. In just three years the company’s pickles are being sold in 1,000 stores in the United States, and now 40 stores in China. “The Miss Jenny’s Pickles success story is one that is being repeated all across the country,” Ex-Im Bank Chairman and President Fred P. Hochberg said.”Jenny Fulton and her business partner are great role models for what can be accomplished by smart, energetic and dedicated entrepreneurs.They and many other small-business exporters who use Express Insurance are discovering that they can seize opportunities to sell overseas, grow their sales and make sure they are paid by using export finance products that Ex-Im Bank offers.” Fulton says she expects Ex-Im Bank’s Express Insurance product to result in her sales to China increasing about 400 percent. And she plans to soon expand into Canada as well.