International Trade Finance for U.S. Companies

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About us

• Founded in 2000, Drake Finance was originally
  created to provide international trade finance
  for U.S. companies. Our mission is to help
  U.S.-based businesses grow by providing the
  necessary financing/liquidity for its
  international sales. Since then, our company has
  grown to include a broad range of products and
  services aimed at helping U.S. companies succeed
  locally and in the global marketplace.
• Headquartered in Miami, Florida, Drake Finance
  serves U.S. companies nationwide and provides
  clients from all over the world with innovative
  and accessible financing solutions.

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Medium Term Export Financing

• Program
• Available for foreign buyers of US manufactured
  capital equipment.
• Financing terms are typically between 2 and 5
  years and in certain cases may go up to 10 years.
• Payments made by buyer in arrears every six
  months with possibility of 1 year grace period.
• Drake will finance foreign buyer directly.
  Exporter will have full payment in hand upon the
  presentation of required shipment documents.
• Benefits to the Exporter
• Competitive financing terms to the foreign buyer,
  critical to winning export sales.
• Very competitive rates.
• Financing is 100 non-recourse to the exporter.

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Short-Term Export Receivable Financing

• Program
• Allows U.S. exporters to provide foreign buyers
  with credit terms up to 180 days (possibly up to
  360 days).
• Drake Finance will provide exporter with
  liquidity (up to 90) on the foreign buyers
  insured invoice.
• Funding by Drake Finance to exporter is provided
  without blanket liens on assets or personal
  guarantees of shareholders.
• Program can be set up and fully operational in as
  little as two weeks.
• Benefits to the Exporter
• Providing credit terms creates a competitive
  advantage and will impact favorably on export
  sales.
• Allows exporter to expand into new and existing
  markets with confidence.
• Immediate liquidity for exporter upon shipment.
• Funding is on a non-recourse basis.

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Pre-Export Working Capital

• Program
• Available for Florida exporters.
• 100 of the exporters invoice to its supplier is
  paid when the materials purchased are in
  connection with an export sale.
• Provides exporter with liquidity to fulfill
  purchase order requirements.
• Benefits to the Exporter  
• Can allow exporter to take advantage of cash
  discounts from supplier.
• Funding under the program may be essential when
  bank financing is not available.

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Bulk Agricultural Commodity Export Financing

• Program
• We can finance foreign buyers imports of U.S.
  bulk agricultural products for up to 180 days.
• Benefits to the Exporter
• Payment to the exporter is made at the time of
  shipment on a non recourse basis.
• Financing provided to foreign buyer may be
  critical to the exporter in securing a foreign
  sale.

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Ex-Im Bank Export Credit Insurance

• Program
• Provides exporters with up to 95 political and
  commercial risk protection for approved foreign
  buyers.
• Benefits to the Exporter
• Risk mitigation safeguard against nonpayment
  from foreign buyer.
• Increased competitiveness unlock the ability to
  offer foreign buyers the credit necessary to
  expand into new markets and boost sales with
  existing customers.
• May assist exporter in obtaining liquidity from
  financial institutions.

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Contacts

• Drake Finance Group, Inc.
• Richard H. Lopez
• Phone [phone]
• Fax [phone]
• E-mail rlopez_at_drakefinance.com
• Bob Sloan
• Phone [phone]
• Fax [phone]
• E-mail bksloan_at_drakefinance.com

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