Funds against Stand By Letter Of Credit | SBLC
Loan and finance available against Stand by Letter of Credit for working and pre shipment
Funds can be generated by beneficiary against Stand By Letter of credit. These funds can be availed from advising banks or third party, to utilize for pre-shipment procedure. Most of the beneficiary always requires funds to complete the contract against which the SBLC is issued to them. For this, borrower can contact their banks or private finance institute and get their loan sanctioned against the SBLC. The Stand by letter of credit should be issued through proper channel. Financial institutes and banks are interested in clean SBLC with proper documentation, and helps the beneficiary or the borrower.
