When Patton Electronics started manufacturing computer and telecommunications products in 1984, the Gaithersburg company sold most of its goods to local companies. That is, until the owners identified fertile ground abroad.
"We had the opportunity to discover customers internationally through the Internet and made some treks overseas to establish distributors," said Bobby Patton, who runs the business with his brothers Bruce and Bert. Full story: http://www.washingtonpost.com/business/capitalbusiness/export-lending-options-grow-for-small-firms/2011/09/28/gIQAmXVlFL_story.html
Starting out, they relied on their own capital, but as the exporting operations grew, the brothers turned to the Export-Import Bank in 1998. The independent federal agency provided a guaranteed loan to help Patton
"We had the opportunity to discover customers internationally through the Internet and made some treks overseas to establish distributors," said Bobby Patton, who runs the business with his brothers Bruce and Bert. Full story: http://www.washingtonpost.com/business/capitalbusiness/export-lending-options-grow-for-small-firms/2011/09/28/gIQAmXVlFL_story.html
Starting out, they relied on their own capital, but as the exporting operations grew, the brothers turned to the Export-Import Bank in 1998. The independent federal agency provided a guaranteed loan to help Patton
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