Export Sales Financing Success Stories

You’ve done your due diligence; you’ve worked long and hard to build your company’s local customer base. Now you’re ready to take your business to the next level by selling to other countries.

No doubt, there is a huge, potential client base outside of the United States waiting to be tapped. According to the Export-Import Bank of the United States, 95% of the world market is outside of US borders. Especially for businesses with a great product or service, this is too big to be ignored.

The marketing part is easy as you have the Internet, which helps you showcase your products and services to customers overseas. The challenge for you, however, is shipping to your foreign buyers. This is where the real work begins, and Drake Finance Group is here to provide the assistance you need.

Getting products to foreign customers can be quite overwhelming, especially for small businesses. For one, the sheer logistics involved in product export could deplete a company’s financial resources. For another, there will often be a set term of payment for up to 180 on average for short term financing and an average of 7 years for equipment financing for exports agreed upon by the seller and the foreign buyer. The result is that small businesses often end up strapped for cash as they wait for payment from the foreign buyer.

Fortunately, Drake Finance and the Export-Import Bank of the United States have opened their doors for companies such as yours, who are poised to take on the rest of the world through product exports.

Drake Finance Group has the capability to support your export activities. Because of our affiliation with the Ex-Im Bank, we can be the financial backbone that you can count on by providing the foreign buyer with our financing, which is not available in the foreign buyer’s local market.

Our experience and expertise has produced a high percentage of success for past clients. Here are just a few recent export sales financed by Drake Finance Group under our Ex-Im Bank programs:

$1.2 Million sale of wood-cutting equipment to Mexico

$1.1 Million sale of electrical equipment to Honduras

$1.3 Million sale of a paper mill to Colombia

$400,000 sale of power mining equipment to Peru

$600,000 sale of construction equipment to Barbados

$700,000 sale of heavy equipment to the Dominican Republic

$3.7 Million sale of a helicopter to Peru