Alpharetta Business Uses Loan for Exports

A $50,000 loan to an Alpharetta business will sustain two jobs and support $95,000 in exports.

Post Medical Inc. of Alpharetta received the line of credit from the Export-Import Bank of the United States so the local firm could continue exporting its disposal containers for needles, syringes and other sharps, according to a news release from the independent federal agency.

Customers in Australia, Canada, New Zealand, France and Italy are buying the products., which are used in hospitals, laboratories, nursing homes, prisons, and jails.

“The Global Credit Express product was created to help American small businesses like Post Medical expand their export reach and increase their sales, and this transaction demonstrates its success,” said Ex-Im Bank Chairman and President Fred P. Hochberg in the release.

Founded in 1982, Post Medical researches, develops, and produces products for the safe handling and disposal of infectious medical waste, especially needles, syringes, and other sharps.

“Post Medical is very excited to partner with the Export-Import Bank to continue our growing export business internationally,” said Matthew Walker, president and chief operating officer, in the Ex-Im release. “This partnership is crucial to support our growing team of people and will enable us to pursue additional overseas markets for our sharps-disposal products in the Middle East and Latin America.”

Ex-Im Bank’s Global Credit Express program is a pilot program currently offered through a select number of Originating Financial Institutions nationwide that delivers short-term working capital loans directly to creditworthy small business exporters. Through this new program, U.S. exporters may be eligible for a 6- or 12-month revolving line of credit of up to $500,000.

Ex-Im Bank reports that is has earned for U.S. taxpayers nearly $1.6 billion above the cost of operations over the past five years.