SBLC financing has been around the corner for over a few years now and SBLC funding isn’t a new concept. However, there is a vast difference between Standby Letter of Credit and the Letter of Credit.
There are varieties of ways through which an SBLC can be used. However, the funding of SBLC depends on your assets, cash, CD’S or net worth as it is just a credit enhancement.
These financing programs range from 100M and above. They range from immediate project financing to installment financing. In this tough economic market, this type of financing is being used to finish construction projects, provide charities and businesses with some extra cash, back private equity, obtain film financing, and provide municipalities a way to improve infrastructure. Any type of project financing can be done this way.
There are many finance companies and banks that provide you some of the best Standby letter of credit programs. Here are a few examples of some of the SBLC programs –
1. Min 100M face value.
2. Up to 200% project financing.
3. Forgivable loans within 90 days or sooner.
4. Up to 80% of the face value of the SBLC.
5. Leased programs.
6. Proof of Funds backed via bank to bank communication.
7. Very competitive pricing.
The best way to finance your projects is through SBLC financing. This is the safest way for both you and your investors. It provides better flexibility and along with much better terms.
Some banks and finance companies even provide forgivable loans that are available for humanitarian projects or projects which has the ability of creating jobs.
We recommend you to get in touch with any of the best financing companies in your city who can provide you the best financing program available. Talk with your agent, know all the terms and conditions, talk about the risks and learn each and everything in and out before making any decisions. SBLC is definitely one of the best options.