The Robbins Company secures its biggest contract. With more than 50 years of experience, The Robbins Company, a small business based in Solon, Ohio, is considered by many to be the world's foremost developer and manufacturer of hard-rock tunnel-boring machines. Yet, even with its position in the marketplace, The Robbins Company needed a larger loan than the company's regular bank could provide to fulfill the largest order in the company's history: the AMR Water Project in Andhra Pradesh, India. The company found the solution to its financing problem in the Working Capital Guarantee Program of the Export-Import Bank of the United States (Ex-Im Bank), the official U.S. export credit agency. With an Ex-Im Bank-backed loan from the Wells Fargo HSBC Trade Bank, The Robbins Company was able to secure its biggest contract. This public-private lending partnership made all the difference.
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