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/2020/04/28/bank-guarantee-vs-sblc-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.
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
BROKERS WANTED: We welcome brokers who are direct to the client. New brokers are welcomed and are rewarded with 2% commission on every deal they bring to us, but you must be direct to the client and not in broker chains. We do not get involved with daisy chain of brokers, neither do we tolerate scammers, jokers and time wasters.
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: email@example.com