To the contrary, the business groups, which include the National Association of Manufacturers and Business Roundtable, say that Hochberg has led the Ex-Im Bank "during a time of unprecedented growth and demand for export financing."
Hochberg, who has held the position since May 2009 and also serves on the President's Export Council, led the agency through the tough reauthorization fight last year.
Nearly a year ago, President Obama signed legislation to renew the bank's charter for three years and raise the limit on the total financing the bank can guarantee, to $140 billion from $100 billion.
"Ex-Im continues to be a vital tool in leveling the global playing field, helping U.S. companies offset the financing support their foreign competitors receive from governments overseas, and in securing new customers in emerging markets," they business groups wrote.
"With the U.S. economy still growing slowly, it is vital that we maintain the competitiveness of U.S. exporters."
They wrote that the bank generates enough fees to offset its costs, contributing, for example, $1 billion back to the Treasury last year.
"Failure to act quickly on Chairman Hochberg’s nomination would threaten the export sales of the thousands of U.S. companies and the hundreds of thousands of American jobs that depend directly or indirectly on the Ex-Im Bank’s export financing," they wrote.
"Reliable access to export financing is a vital part of being globally competitive, and export financing has taken on renewed importance in today’s unsettled financial environment."