SBLC Standby Letters Of Credit Can Help Establish Trust

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WELCOME
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SBLC Standby Letters Of Credit Can Help Establish
Trust
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A specific sum of money against

• The SBLC  standby letter of credit is an
  irrevocable documentary commitment, separate from
  the sales contract, issued by the bank to a
  third-party beneficiary and promising to pay on
  behalf of the originator

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What is an SBLC Standby Letter of Credit?

• An SBLC standby letter of credit is a guarantee
  of payment by a bank on behalf of their client.
  It is a loan of last resort in which the bank
  fulfills payment obligations by the end of the
  contract if their client cannot.

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Credit help prove a business

• The standby letter of credit is never meant to be
  used, but prevents contracts from going
  unfulfilled in the event your company closes down

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How to Obtain a Standby Letter of Credit The
standby letter of credit process is similar to
that of obtaining a commercial loan, with a few
key differences. As with any business loan, you
will need to provide proof of your
creditworthiness to the bank. However, the SBLC
standby letter of the credit approval process is
much quicker, with letters often being issued
within a week of all paperwork being submitted.
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