NCSB grows sales in China

The Pak Banker - - 6BUSINESS -

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.

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