International Invoice Factoring
For providing goods and services to foreign markets, we highly recommend Drake Finance’s International Factoring Program. This international invoice factoring framework allows your business to have access to much-needed financial resources to maintain adequate cash flow, even while you have outstanding foreign accounts receivable.
International invoice factoring can be advantageous for small businesses that need cash on hand to maintain their daily operations and sustain growth. We understand that with the huge expenditures associated with the export of products, many small businesses expanding into foreign markets tend to lose momentum. With our International Factoring services, your business gets its second wind.
Drake Finance’s International Factoring Program treats your foreign account receivables as financial assets and offers you up to 95% of the total invoice value. This export factoring program provides a full and advanced payment on your goods within a relatively short time frame, quicker than the stipulated terms in the purchase contract between you and your buyer.
The proceeds of this advance payment can then be utilized to fund additional business activities, such as:
- Procurement of more raw materials
- Increasing the volume of your export products
- Diversification of your business portfolio
Imagine getting paid up front (minus our fees) for your exports, in as little as 24 hours after they have reached the port of destination. The remaining balance of the invoice is rebated to you once your buyer pays the invoice in full.
Let Us Take It From Here
By choosing Drake Finance’s export financing services, you can also rely on us to make overseas collections on your behalf. This way, your people can focus their energies on acquiring new clients and facilitating other export deals, therefore channeling your efforts into your company’s growth.
All our business transactions will be properly documented and easily accessible by you at any time. Drake Finance provides you with a hassle-free solution that can be set up within a few days.