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What Is Standby Letter Of Credit (SBLC)? - Investment - Nairaland

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Business Loan, SME Loan, Standby Letter Of Credit, Bank Guarantee, SBLC / Standby Letter Of Credit (SBLC) Providers / How To Obtain A Standby Letter Of Credit (2) (3) (4)

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What Is Standby Letter Of Credit (SBLC)? by kingrisefinance(m): 3:38pm On Mar 31, 2020
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.
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Kingrise Finance Limited is a Standby Letter of Credit (SBLC) 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, Bank Comfort Letter etc…

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.

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We Specialize In
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