What is Standby Letter of Credit (SBLC)?

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Get Your Company Safe with Standby Letter Of
Credit (SBLC) Advice by Experts
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• It is hard to find finance for small businesses
  as there are less investment and therefore less
  amount of profit to the investor.
• To get some money either you need financer, or
  you need financing tools to fulfill capital
  requirements.
• It is possible that you might not be aware of a
  powerful financing tool, Standby Letters of
  Credit (SBLC).

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• The standby letter of credit can help in tight
  financial situations of your business not only
  this, but SBLC are also taken as the sign of good
  faith in business transactions and SBLC makes
  people more likely to sign contracts and expand
  business ties with you.

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What is Standby Letter of Credit?

• A Standby Letter of Credit is the guarantee of
  payment by the bank on behalf of the client, and
  it is used when the client fails to fulfill a
  contractual commitment by the end of the
  contract.
• The standby letter of credit SBLC is never meant
  to be used it increases repayment abilities.

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• SBLC prevents contracts from going unfulfilled in
  the circumstances like your company closes or
  declared bankruptcy or you are not able to pay
  for goods and services provided.
• In case of default, investors are assured they
  will be paid principal and interest from the
  bank it is proof of buyer's credit quality and
  repayment abilities.

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Obtaining a Standby Letter of Credit

• The process of getting a standby letter of credit
  is similar to that of obtaining a commercial
  loan the process has some fundamental
  differences.
• When requesting a standby letter of credit, a
  business owner has to prove that he/she is
  capable of repaying them.

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• You have to provide proof of your
  creditworthiness by collateral or other means.
  SBLC is valid for a year.
• Therefore the business owner has to give fresh
  SBLC every year. If the terms are fulfilled
  early, you can cancel the standby letter of
  credit without paying any extra charges.
• The difference between SBLC and the Commercial
  loan is that this is approved in much quicker
  time and less paperwork is required.

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Types of Standby Letter of Credit
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?    Leasing Standby Letter of Credit

• As an owner, you can use your funds as collateral
  or even monetize it.
• There are many benefits like 100 protected the
  deposit, we work with top 100 World Banks to
  secure your SBLC, and you can read all
  requirements and benefits by visiting our website.

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?    Purchase Owned Standby Letter of Credit

• The SBLC is issued by top banks in the world, we
  use Bank SWIFT Network, DTC or Euronuclear for
  delivery of these banking instruments.
• There are many points to focus when you plan
  about SBLC, and you should seek advice from
  reputed firms before getting one.

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• Services like The Hanson Group are famous in the
  field of SBLC and offers services with the help
  of financial guidance experts.
• If you are planning to get an SBLC, do visit the
  website first and get all required information.

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