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Showing posts with the label #businessloan

BANK GUARANTEE /PROCEDURE

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WHAT IS BANK GUARANTEE? A bank guarantee serves as a promise from a commercial bank that it will assume liability for a particular debtor if its contractual obligations are not met. In other words, the bank offers to stand as the guarantor on behalf of a business customer in a transaction. Most bank guarantees carry a fee equal to a small percentage amount of the entire contract, normally 0.5 to 1.5 percent of the guaranteed amount. Applying for a Bank Guarantee Bank guarantees are not limited to business customers; individuals can apply for them as well. However, businesses do receive the vast majority of guarantees. In most cases, bank guarantees are not particularly difficult to obtain. To request a guarantee, the account holder contacts the bank and fills out an application that identifies the amount of and reasons for the guarantee. Typical applications stipulate a specific period of time for which the guarantee should be valid, any special conditions for payment and ...

How to Finance Your Business Projects

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Many business people always have business projects that they have objectives to accomplish. The business project can improve the quality and productivity of your business and find ways to increase customer retention and satisfaction. To achieve your business project objectives, you need to increase the business products in your business. Finance can be a problem, and the following are ideas on how you can finance your business projects. Bank Loans Financial institutions like banks offer commercial bank loans. Most commercial banks are always ready to finance businesses with the money they want to expand their businesses. For you to get a loan from a bank, you need to provide a credible business plan. You also need to have a good credit history. For instance, you need to show them that you will be responsible for the project accounting. The benefit of funding from the bank is you can get a loan from a financial lending institution with extremely low interest rates. You become flexible ...

Buying or Leasing SBLC

Looking for a genuine and reliable Provider to buy or lease a Standby Letter Of Credit (SBLC) or a Bank Guarantee (BG)? Well, your search ends here and there is no need to look any further. We are experts at handling issuance as well as monetizing of SBLC/BG and we have successfully done this many times over. Banks, Corporations, Airline Operators, Investment Bankers, Energy Companies, Project Owners, Miners, Oil and Gas upstream and downstream companies, Commodity Traders, etc. have used our services to successfully obtain SBLCs/BGs. Since purchasing or leasing SBLC/BG is a complicated process, you need to follow our procedure unconditionally to attain success provided you are financially capable to transact and possess the correct business credentials. You also must have a credible reason (e.g. a bankable project or an ongoing trade deal) to purchase/lease such financial instruments. We are supported by some very well established and wealthy corporations, Institutions, funds, and ...