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PRZOOM - /newswire/ -
Miami, FL, United States, 2013/11/04 - Through its trade finance programs, Drake Finance provides United States exporters with the financial backbone necessary to successfully compete in today's global market. For October, the majority of our export finance supported agricultural sales.
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Drake Finance is pleased to announce that it has disbursed over $5.5 million to United States agricultural exporters during the month of October through its United States Bulk Agricultural Export Financing program.
• $2,193, 000 disbursed to a United States exporter in Missouri selling soybean meal in bulk to a customer in the Dominican Republic.
• $1,349, 000 disbursed to a United States exporter in New York selling yellow corn in bulk to a customer in Colombia.
• $632,950 to a United States exporter in Illinois selling soybean meal in bulk to a customer in the Dominican Republic.
• $347,000 to a United States exporter in New York selling soybean meal in bulk to a customer in Colombia.
• $271,550 disbursed to a United States exporter in Illinois selling yellow corn in bulk to a customer in El Salvador.
Through this program, Drake Finance pays up to 100% of the purchase order from the foreign buyer to the United States exporter. The United States exporter receives payment from Drake Finance in as little as 48 hours from the time shipment documents are processed. The foreign buyer pays Drake Finance back over time, typically 180 days from the time the export shipment occurs.
Drake Finance is a leading international trade finance firm and a direct lender to United States exporters. We are committed to providing United States exporters of any product with the necessary working capital to effectively compete in the global market.
Our international trade finance programs and international factoring services empower United States exporters, allowing them to safely extend open account payment terms to international customers, even if it’s a first-time sale in a new market. With Drake Finance, United States exporters gain time and money as well as greater flexibility and control over export sales.
Drake Finance (drakefinance.com) is recognized as an Approved Lender of the Export-Import Bank of the United States with a Master Guarantee Agreement (MGA) available for medium-term financing of cross-border equipment. Since 2000, we’ve helped hundreds of exporters in the United States grow their businesses by financing their export sales.
Drake Finance Group, Inc.
We Don’t Just Finance the World of Business,
We Finance Your Business for the World.
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Agency / Source: Drake Finance Group, Inc.
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Drake Finance
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Contact: Nelly Sanchez - DrakeFinance.com
305-854-0101  info[.]drakefinance.com
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