Small Businesses Caught in Battle Over Export AidBy
Hoffman International, a 65-employee construction equipment dealer in Piscataway, N.J., is trying to send $45 million worth of cranes, excavators, and other machinery to the government of a sub-Saharan African country that needs to build roads. The deal, two years in the works, won’t get done without a loan guarantee from the Export-Import Bank, and unless Congress acts, the bank’s ability to help may expire at the end of May.
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