Protect your business against defaulting customers

Drake Financial Services offers small and medium enterprises a solution to help them protect their business against defaulting customers. Our Debt Protector solution follows a four-step approach:

  • The first is to establish the current credit application and approval process within your business.
  • Secondly, we provide credit vetting and tax compliance checks to review the credit history of your customers.
  • Thirdly, we provide credit analysis and credit risk ratings to you making loss predictions on specific customers into the future.
  • Lastly, we monitor your debt exposures as agreed on a monthly basis.

Steps two and three are carried out as required and a turnaround time of 24 hours is guaranteed on any single credit application. Portfolio turnaround times are volume-dependent.

The Do's and Don'ts of providing Trade Credit