Standby Letter of Credit Services
Fast & Secure SBLC from Top Banks
Guarantee your financial obligations with Standby Letters of Credit (SBLC) issued by AAA-rated banks. Our SBLC services offer a secure and trusted solution for trade, project funding, and contractual guarantees. With coverage up to $50 million USD, issued within 10-30 business days, we provide the confidence you need for seamless transactions.
Secured VS Unsecured SBLC
Collateralized SBLC
When dealing with most banks, they will ask you to have 100% collateral to back up the Letter of Credit. This means you need to secure the credit with assets or cash equivalent to the value of the credit.
Be mindful that banks will also charge extra fees for using the Letter of Credit, usually between 2% & 6% annually, plus some initial issuing charges.
Knowing these costs is important to use SBLC effectively for your business needs.
Unsecured SBLC
In some rare situations, if you don’t have enough collateral, a bank might still issue an unsecured LC if they think the transaction is low risk.
In case the bank insists on collateral and you don’t have it, you will need to find a third party to provide it.
It’s crucial to understand these aspects to avoid any unforeseen complications in your business transactions.
Contact Us To Secure Your Standby LC
We want to know your needs exactly so that we can provide the perfect solution. Let us know what you want and we’ll do our best to help.
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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. Depending on the nature of the transaction, applicable jurisdiction, and regulatory requirements, services may be provided through Financely Group LLC, a non-banking financial company (NBFC) that does not accept deposits from the public, Ashford Capital Advisory LLC, or other affiliated entities as appropriate. We do not operate as a securities broker/dealer. Please review our terms of service to determine if working with Financely Group, Ashford Capital Advisory, or their affiliates is suitable for your specific needs. In the United States, we operate as an
exempt foreign private adviser pursuant to the Dodd-Frank Act, subject to applicable exemptions from certain regulatory requirements. Our services and regulatory status may vary based on the location and nature of the transaction.