ZBB Energy Corp., a developer of renewable energy power, has announced that the Export-Import Bank of the United States (Ex-Im Bank) will guarantee working capital loans to be made by Waukesha, Wisc.-based InvestorsBank to finance the export of ZBB's energy power control and storage systems.
The loan process is applied to individual foreign customers having entered into valid sales contracts with ZBB. Ex-Im Bank and InvestorsBank approved ZBB's initial request for working capital of $1.14 million. The transaction is being made possible by utilizing Ex-Im Bank's working capital financing that is available to exports of products manufactured in the U.S.
‘We are looking forward to working with InvestorsBank and the Ex-Im Bank for current and future export financing. We have a growing pipeline of projects around the world, and the Ex-Im guarantee provides attractive financing to support a corresponding growth in working capital,’ said Eric Apfelbach, CEO and president of ZBB Energy.