http://www.drakefinance.com/application <br /> <br />A brief guide to our Export Receivables Financing program for United States exporters. <br /> <br />An Export Sale Occurs <br /> <br />1. You issue an invoice to your international customer. <br />2. You ship your product and receive a copy of the bill of lading. <br />3. You pay an insurance premium on the export sale and obtain a receipt or proof of confirmation. <br /> <br />Financing or Factoring Begins <br /> <br />1. You send us a copy of: <br /> <br />- The purchase order from your international customer to you. <br />- The invoice issued to your international customer. <br />- The bill of lading. <br />- Proof of premium payment. <br /> <br />2. Drake Finance will: <br /> <br />- Verify shipment documents for accuracy and compliance. <br />- Upon successful review, we will disburse up to 90% of the invoice issued to your international customer within 48 hours. <br /> <br />3. Your International Customer: <br /> <br />- Pays Drake Finance directly according to the credit terms extended by you, typically between 60 to 90 days after the sale has been made. <br />- Will make payments until the transaction is complete. <br /> <br />4. Once the transaction is complete, Drake Finance will: <br />- Return the remaining 10% minus our fees back to you. <br /> <br />Advantages of Financing or Factoring: <br /> <br />- You don't create any debt. You're either selling or discounting a foreign accounts receivable. <br /> <br />- You're creating steady and predictable working capital. <br /> <br />- 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. <br /> <br />- 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? <br /> <br />- You gained time and money, a clear advantage for any business owner. <br /> <br />- You may have noticed your export sale was larger than average. Customers tend to buy more on credit. <br /> <br />- You're protected against customer nonpayment. <br /> <br />- You have administrative support in the case of collection or claims. <br /> <br />Advantages of Factoring with Drake Finance: <br /> <br />1. Depth of funds <br />2. Expertise <br />3. Portfolio management <br />4. Turnaround time <br />5. Client service <br /> <br />Don't Wait 30-60-90 Days for Your Receivables to Pay! <br /> <br />Call Drake Finance today at (305) 854-0101.
