As with all government "insurance", such as flood insurance, the premium is unrealistically low. Therein lies the cronyism. Default risk is always present even for the largest corporations, for example General Motors. Default risk is being offloaded to the public in support of a favored few. Try getting an Ex-Im loan guarantee as a small exporter.
you are correct about the small and very small exporter........ I was both in days gone by
That is not relevant however because the companies larger than the very small do get loans and export sales that would have gone to foreign competition with loans guaranteed by their government ex/im banks
I recently performed a service to a not very large American company with for them large supply contracts on a foreign project. My several days work related directly to the specific transaction would not have happened absent the loan guarantee.
The benefits trickle down
that is drivel. balderdascious drivel
it might be sour grapes by an isolationist anti business conservative