Our Global Project Funding clients often request a Stand by Letter of Credit (SBLC), which assures that your company has the resources to pay as agreed on the contract. The issuing financial institution uses its credit rating for your business to expedite the contract. The Stand by letter of Credit is a legal document that supports a contractual agreement that occurs between two parties.

We at Global Project Funding make sure the stand by letters deal with the agreement between you and the other party, and are payable only after the beneficiary presents the documentation in the letter of credit.

If one of our Global Project Funding client’s customers defaults on their payments, the beneficiary uses the letter to pay the debt. The Global Project Funding letter of credit is set at $20MM. We at Global Project Funding set the term of the SBLC at one year and one day. The lender will fund 95% of the value of the Global Project Funding letter of credit, and the borrower will receive 85% of the value of the letter of credit.

Our Global Project Funding clients will use a Stand by Letter of Credit for reasons including:

• Enhancing their credit
• Requirements for Net Worth
• Proof of Funds Evidence
• Commodities Transactions
• Trading Platform Funding
• Large Commercial Project Funding
• Provide Assurances
• Securing Third-Party Funding

Terms and Conditions

Global Project Funding requires our clients to pay back the SBLC in one year and a day. The SBLC can extend up to five years costing them certain percentages of the total amount for each additional year.

If you have any questions on how to get a Stand by Letter of Credit (SBLC), you can contact one of our finance business consultants at Global Project Funding to walk you through the process.