Our Export Credit – Trade Insurance Program

Drake Finance Group is a registered and licensed Export-Import (ExIm) Bank export credit insurance broker. Running a business involves a lot of risks, and to protect your company from such dangers, you need a reliable partner. As an export insurance agent, Drake Finance Group helps protect your business from losing assets and accounts receivables due to credit risks such as:

• Protracted default – With our trade credit insurance, you can protect your business from potential risks and effects of a debtor unable to meet his or her financial obligations to you. This is applicable in cases where a debtor is either unwilling or unable to pay debt obligations such as bonds, mortgages, loans and promissory notes.
• Insolvency – In the event that your business has financial obligations to other companies, or has negative assets, our export credit insurance can serve as your safety net. Such financial products can prevent your business operations from being suspended or terminated.
• Bankruptcy – In the unfortunate event that your business cannot pay your debt to your creditors and you have no other option but to declare bankruptcy, our trade credit insurance can come in handy. Depending on our insurance agreements, we will pay for the agreed percentage of an outstanding invoice that is a result of the bankruptcy.
Financing in some cases may be made using export insurance, arranged by Drake Finance Group. Premium rates vary from deal to deal. The premium cost can typically be added into the total amount financed, so it can be amortized over the loan repayment period.

Export Credit Insurance can also be used in the following circumstances:

Risk Mitigation Tool

Insure receivables against nonpayment by foreign buyers. With the added component of political insurance risk, our financial product can protect your business from loss in case your foreign buyers are unable to pay due to events such as revolution or other political conditions like insurrection, terrorism, war, etc.

Marketing Tool

Extend competitive credit terms to foreign buyers.

Financial Aid

Arrange attractive financing with the exporter’s lender by using insured foreign receivables as additional collateral.

Drake Finance Group is always ready to assist you in your financing needs. With our over 100 years of international finance trade experience and our trusted financial products and services, we guarantee the protection of your business and your satisfaction as our clients.

Discover and experience the advantages of our responsive and innovative financing solutions to your business.