What is StandBy Letter of Credit (SLOC)? According to https://www.reverebank.com, A standby letter of credit (SLOC) 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.
Please be aware that Standby Letter of Credit is different from Letter of Credit and Bank Guarantee. This is the difference between Bank Guarantee (BG) and Standby Letter of Credit (SLOC): http://kingrise.finance.blog/2 020/04/28/bank-guarantee-vs-sb lc-which-is-better/
Kingrise Finance Limited are StandBy Letter of Credit (SLOC) Provider. We also provide Business Loans, SME Loans, International Project
Financing, recourse Loans, Non Recourse Loans, Letter of Credit,
Standby Letter of Credit, Bank Guarantee, Performance Guarantee Bond,
Tender Bond Guarantee, Advance Payment Guarantee, lease sblc, standby letter of credit providers worldwide, lease bg, lease bank guarantee provider, international bank guarantee providers, #RealSBLCProvidersworldwide, #leasestandbyletterofcredit, #leasebg, #realbankguaranteeprovider, #internationalbankguaranteeproviders
These bank instruments are issued from
prime banks such as HSBC Hong Kong, Barclays Bank London, Standard
Chattered Bank or any AAA rated bank of your choice.
Our BG and SBLC are cash backed and can be used for Discounting, Monetization and Private Placement Programs (PPP). They also can be used as collateral against a loan or credit line to secure Funding for Projects.
Our BG and SBLC are cash backed and can be used for Discounting, Monetization and Private Placement Programs (PPP). They also can be used as collateral against a loan or credit line to secure Funding for Projects.
We Specialize In
Business Loan, SME Loans, International Project Financing, recourse Loans, Non Recourse Loans, Letter of Credit, Standby Letter of Credit, Bank Guarantee, Performance Guarantee Bond, Tender Bond Guarantee, Advance Payment Guarantee, Bank Comfort Letter etc… |
Why Choose Us?
- Fast Turnaround
- Best Top Rated Banks
- Competitive Low rates
- No prepayment penalty
- 2 Days for Commitment
- Extremely Satisfied Clients
- WE KEEP OUR PROMISE
- 20 Years of Experience & Trust
- No Personal Collateral Required
- Solutions for every customer & every industry.
- Loan amounts from $1 million to no maximum..
- Fast Approvals & Fast Funding- Closing in as little as 5 days
We would welcome the chance to earn your trust and deliver you the best service in the industry. If you are interested to work with us kindly contact us immediately via Email: info@kingrisefinance.com
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