Title: US International Trade Financing | Drake Finance, Inc.
1About 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.
2 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.
3Short-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.
4Pre-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.
5Bulk 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.
6Ex-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.
7Contacts
- Drake Finance Group, Inc.
-
- Richard H. Lopez
- Phone (305) 854-0101
- Fax (305) 629-3237
- E-mail rlopez_at_drakefinance.com
- Bob Sloan
- Phone (305) 854-0101
- Fax (305) 629-3237
- E-mail bksloan_at_drakefinance.com
-
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