Equipment Export Financing Program

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Drake Finance provides U.S. companies nationwide
with the liquidity they need to thrive in the
business world.
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Our Equipment Export Financing program allows
international buyers to pay for their equipment
over time while Drake Finance advances up to 85
of the purchase order to the U.S. exporters.
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How It Works

• U.S. exporter presents shipment documents
  including the invoice, purchase order, bill of
  lading, and an exporter's certificate.
• Upon successful review, Drake Finance advances up
  to 85 of the international buyer's purchase
  order and the U.S. exporter receives payment in
  as little as 48 hours from the time shipment
  documents are processed.
• Typically, the international buyer provides the
  US exporter the remaining 15 as a down payment.
• The international buyer then pays Drake Finance
  over time. It's that simple!

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Coverage Terms

• Equipment must be at least 80 U.S. content.
• Medium-term financing available from 2 to 10
  years, and more if the export is an energy
  product.
• Protection against risk through Ex-Im Bank Export
  Credit Insurance or Ex-Im Bank Guarantee.
• No Letter of Credit, collateral or avals
  required of foreign buyer.

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Getting Started

• Submit 3 years of audited financial statements
  from foreign buyer to rlopez_at_drakefinance.com.
• If our credit criteria are met, Drake Finance
  will issue a Letter of Intent within 24 hours.
• Drake Finance interacts with you and your
  international buyer to gather all required
  information and keeps you up to date every step
  of the way.
• Drake Finance prepares your Ex-Im Bank
  application and is reviewed by our legal counsel,
  Chief Credit Officer and Managing Principal
  before submission.
• Approval for financing averages 60 days. Once you
  are approved by Ex-Im Bank, Drake can begin
  financing.

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