Export Finance for U.S. Exporters
Richard Lopez
2013-10-17
Views 1
http://www.drakefinance.com/application
A brief guide to our Export Receivables Financing program for United States exporters.
An Export Sale Occurs
1. You issue an invoice to your international customer.
2. You ship your product and receive a copy of the bill of lading.
3. You pay an insurance premium on the export sale and obtain a receipt or proof of confirmation.
Financing or Factoring Begins
1. You send us a copy of:
- The purchase order from your international customer to you.
- The invoice issued to your international customer.
- The bill of lading.
- Proof of premium payment.
2. Drake Finance will:
- Verify shipment documents for accuracy and compliance.
- Upon successful review, we will disburse up to 90% of the invoice issued to your international customer within 48 hours.
3. Your International Customer:
- Pays Drake Finance directly according to the credit terms extended by you, typically between 60 to 90 days after the sale has been made.
- Will make payments until the transaction is complete.
4. Once the transaction is complete, Drake Finance will:
- Return the remaining 10% minus our fees back to you.
Advantages of Financing or Factoring:
- You don't create any debt. You're either selling or discounting a foreign accounts receivable.
- You're creating steady and predictable working capital.
- You don't lose anything. Factoring costs can be passed on to the customer who will gladly pay a little extra for more time. Think about it: you're giving them more time to add value and maximize their profit.
- If you decide to absorb the fees yourself, consider it a marketing/sales cost. What other sales tool will allow you to tap into a new market and offer a new customer open account payment terms safely and without compromising your credit or working capital?
- You gained time and money, a clear advantage for any business owner.
- You may have noticed your export sale was larger than average. Customers tend to buy more on credit.
- You're protected against customer nonpayment.
- You have administrative support in the case of collection or claims.
Advantages of Factoring with Drake Finance:
1. Depth of funds
2. Expertise
3. Portfolio management
4. Turnaround time
5. Client service
Don't Wait 30-60-90 Days for Your Receivables to Pay!
Call Drake Finance today at (305) 854-0101.
A brief guide to our Export Receivables Financing program for United States exporters.
An Export Sale Occurs
1. You issue an invoice to your international customer.
2. You ship your product and receive a copy of the bill of lading.
3. You pay an insurance premium on the export sale and obtain a receipt or proof of confirmation.
Financing or Factoring Begins
1. You send us a copy of:
- The purchase order from your international customer to you.
- The invoice issued to your international customer.
- The bill of lading.
- Proof of premium payment.
2. Drake Finance will:
- Verify shipment documents for accuracy and compliance.
- Upon successful review, we will disburse up to 90% of the invoice issued to your international customer within 48 hours.
3. Your International Customer:
- Pays Drake Finance directly according to the credit terms extended by you, typically between 60 to 90 days after the sale has been made.
- Will make payments until the transaction is complete.
4. Once the transaction is complete, Drake Finance will:
- Return the remaining 10% minus our fees back to you.
Advantages of Financing or Factoring:
- You don't create any debt. You're either selling or discounting a foreign accounts receivable.
- You're creating steady and predictable working capital.
- You don't lose anything. Factoring costs can be passed on to the customer who will gladly pay a little extra for more time. Think about it: you're giving them more time to add value and maximize their profit.
- If you decide to absorb the fees yourself, consider it a marketing/sales cost. What other sales tool will allow you to tap into a new market and offer a new customer open account payment terms safely and without compromising your credit or working capital?
- You gained time and money, a clear advantage for any business owner.
- You may have noticed your export sale was larger than average. Customers tend to buy more on credit.
- You're protected against customer nonpayment.
- You have administrative support in the case of collection or claims.
Advantages of Factoring with Drake Finance:
1. Depth of funds
2. Expertise
3. Portfolio management
4. Turnaround time
5. Client service
Don't Wait 30-60-90 Days for Your Receivables to Pay!
Call Drake Finance today at (305) 854-0101.
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