William Fanjoy – US Dept. of Commerce
Bill Fanjoy is the Director of the Department of Commerce’s Virginia and DC US Export Assistance Centers (USEAC’s). His Office helps US businesses find partners in other countries. He gave an example of a fast oil change franchiser who wanted to find business partners in other counties. USEAC advises the US business of likely promising over seas markets, the rule of law, and prospect of getting paid. The US company is vetted by USEAC and the US Embassy in the over seas country vets the prospective business partner. The US company pays a fee of $700 for USEAC’s services. If needed, the US Import/ Export Bank is used to guarantee a loan in the foreign country to finance the deal (at no cost to the US Tax Payer).