Do you need a Standby Letter of Credit but don’t want to tie up your working capital?
We provide businesses with the liquidity they need to secure SLOCs. Each transaction is tailored to your unique circumstances, ensuring you get the financial flexibility to grow. Whether it’s winning contracts, entering new markets, or building credibility, our solutions make it easier to succeed.
Free up your resources and focus on growing your business.
A Standby Letter of Credit (SLOC) is a financial guarantee issued by a bank to ensure the beneficiary receives payment if the applicant fails to meet their contractual obligations. SLOCs are governed by rules like ISP98 (International Standby Practices 1998).
We provide liquidity solutions for businesses needing to secure SLOCs without tying up their cash. We evaluate each deal on its own merits, ensuring your transactions are backed with the right funding. We also facilitate bank introductions and provide guidance on the process.
We can facilitate both performance and financial Standby Letters of Credit. Performance SLOCs guarantee contract completion, while financial SLOCs ensure payment obligations are met.
To evaluate your SLOC requirements, we typically need:
ISP98 (International Standby Practices 1998) is a widely used set of guidelines for standby letters of credit. It ensures consistency and clarity in drafting and executing SLOCs, providing a standardized framework for global transactions.
Yes, we can introduce you to reputable banks that issue Standby Letters of Credit. We work with global financial institutions to ensure you have access to reliable services.
To get started, request a proposal through our platform. Submit the necessary details about your SLOC requirements, and we’ll evaluate your request and provide a quote. Click here to request a quote now.
To get started with us please Submit Your Deal Here.
Financely connects growth-oriented businesses with investors seeking premium opportunities, effectively bridging the gap between capital demand and supply. While we are not a securities broker or dealer, we collaborate with investment banks, legal counsel, and other professionals as needed. We do not offer to buy or sell securities and disclaim liability for capital-raising results.
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Financely Inc. is a corporate finance consulting firm wholly owned by Aurora Bay Trust, a Bahamas established Trust, or its relevant authorized affiliates. Our advisory business is carried out through Financely Group LLC, a non-banking financial company (NBFC) that does not accept deposits from the public. We do not operate as a securities broker/dealer. Please read our terms of service to determine if working with Financely Group is appropriate for you. Pursuant to the Dodd-Frank Act, we operate as an exempt
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