Amaero International Secures $23.5 Million Loan
Amaero International Secures $23.5 Million Loan

Amaero International Secures $23.5 Million Loan

News summary

Amaero International Limited has secured a $23.5 million loan from the Export-Import Bank of the United States (EXIM) as part of the Make More in America initiative, aimed at enhancing U.S. manufacturing and supply chain resilience. This funding, which is the first MMIA loan to support an additive manufacturing company, will be used for capital equipment purchases over the next three years. Amaero's CEO Hank J. Holland emphasized the loan's significance in validating the company's strategic alignment with U.S. national priorities. The approval process involved extensive due diligence and collaboration with EXIM, highlighting the federal commitment to strengthening domestic manufacturing capabilities. The company aims to become a leading U.S. producer of critical metal powders for the aerospace and defense sectors. The loan is expected to enable the commissioning of advanced atomizers and expand Amaero's manufacturing operations in Tennessee.

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