All businesses would like to be paid in full, and on-time. Unfortunately, that’s not always a reality in the business world, especially concerning the global marketplace. This is where we step in. At Drake Finance, we offer comprehensive solutions to help you get ahead and keep your business financially secure. One of these services is export financing, but before you can realize the advantages, you need to understand what it is and how it works.
What is Export Financing?
Export financing is a way to get your money sooner (and more consistently) when dealing with international clients. When you’re approved for the financing service, you’ll receive as much as 90% of the invoice total as soon as the order is fully shipped. Drake Finance will then wait for payment from the client.
Export financing allows your company to get their money very quickly, but gives your customers the chance to pay gradually, helping to build relationships with your clients.
Export Financing FAQ
Q: Which insurer do you use to insure your export financing?
A: We work with the Export-Import Bank of the United States, commonly known as Ex-Im bank.
Q: How soon will you contact me about export financing?
A: When you call us at (305) 854-0101 or fill out an online inquiry, we’ll reach out to you within one business day.
Q: What is the funding process for export financing deals?
A: First, you provide us with the purchase order, invoice, bill of Lading, and proof of export credit insurance payment. We’ll use this information to approve your request, then send your advance within 48 hours. After that, we’ll remit the remaining percentage minus our fee once the customer pays the full invoice.
Q: Do you have more resources and information?
A: Of course. Check out this helpful video guide for more details.
Are you ready to get paid sooner? Don’t put your company’s finances on hold any longer. Call or go online today for more information about our export financing arrangements and how we can work for you. Your future is waiting.