2013-09-27 19:42:01 - Drake Finance is pleased to announce it has disbursed over $1.3 million in short-term export financing to United States exporters during the month of August. This brings total disbursements made to U.S. exporters from Drake Finance to over $21.9 million in 2013.
Over $1.2 million in export finance was provided specifically for U.S. agricultural exports through our U.S. Bulk Agricultural Export financing program; an additional $172,000 in export finance was provided to U.S. exporters for the export sale of any product through our Export Receivables financing program.
In 2013, Drake Finance has provided over $19.5 million to U.S. exporters in need of short-term export finance. An additional $2.4 million has been disbursed to U.S. exporters in need of medium-term export finance through our U.S. Capital Equipment Export financing program: another $24 million worth of deals are currently in our pipeline.
Furthermore, through our Pre-Export P.O. financing program, Drake Finance has advanced over $100,000 this year to Florida-based exporters in need of pre-shipment
export finance. Through this program, Florida exporters can cover up to 100% of the cost of materials in relation to an export sale.
For more information on Drake Finance, please visit our website at www.drakefinance.com
or call us at (305) 854-0101 and speak with Managing Principal and Board-Certified International Lawyer, Richard H. Lopez, Esq. about our export financing programs.