Bayshore Group and Regions Bank Awarded Deal of the Year at Export-Import Bank of the United States 2022 Annual Conference
WASHINGTON, DC – The Export-Import Bank of the United States (EXIM) today awarded Bayshore Group and Regions Bank with Deal of the Year at its 2022 Annual Conference in recognition of the impact they have had on supporting American jobs through exports.
Located in Fort Mill, SC, Bayshore Group is a paper and pulp trading company that exports 100 percent of its product overseas to markets in China, the Middle East and Europe. Since its inception, this small business has been successful in growing its client base revenues, ultimately leading to its partnership with Regions Bank.
“In 2021, supply chain challenges forced us to find a way to move our products more reliably and consistently. One major issue was being able to manage our working capital with all the supply chain delays,” said Buzz Johnson, Bayshore’s Controller/Director of Finance. “We worked with Regions Bank to find a solution with the help of EXIM. Our EXIM facility was a life saver in 2022. It gave us the financial flexibility to manage the supply chain issues in each of our trades without our suppliers or customers feeling any negative effects. On behalf of the Bayshore Group LP Team, we thank EXIM and Regions Bank for helping us find such a great solution.”
A former EXIM Lender of the Year, Regions Bank is headquartered in Birmingham, AL. As a delegated authority lender, Regions was able to establish a relationship with Bayshore and provide finance that would have otherwise been available.
“Regions Bank has utilized several of EXIM’s offerings for over 25 years. EXIM’s support has been critical to Regions, providing financing solutions to exporters who grow jobs and support a vibrant U.S. Economy,” said Carson Strickland, Senior Vice President Global Trade Finance.
“I congratulate them on this award. This demonstrates how EXIM works with its lending partners to provide support of U.S.-based companies and help them overcome obstacles so they can successfully export their American-made products worldwide,” said EXIM President and Chair Reta Jo Lewis.
ABOUT EXIM BANK:
EXIM Bank an independent federal agency that provides competitive and necessary export credit to overseas purchasers of U.S. exports to promote and support American jobs. A robust and fully functioning EXIM Bank can assist the United States in leveling the global playing field for U.S. exporters when they compete against foreign companies that receive the support of their national export credit agencies. EXIM also contributes to U.S. economic growth and the support of more than a million jobs through the support of thousands of small and medium-sized enterprises (SMEs) around the country. Since 2000, EXIM Bank has provided $14.6 billion to the U.S. Treasury after paying for all of its administrative and program expenses.
For more information about EXIM, please visit www.exim.gov.