MONETIZE A SBLC AND GETTING A LOAN

If you/your organization would like to use your SBLC to get a line of credit, you will need to provide us the following:

1. A mutually signed Non-Disclosure Document so that your company information, Standby Letter of Credit/ Business needs are kept confidential.
2. Provide Proof of Funds via RWA (Ready Willing Able) letter or provide a Bank Comfort Letter or an Attestation Letter through an Attorney or issue an SBLC to your own company or provide SBLC's ISIN Number.
3. KYC (Know Your Client) form so that we know you.
4. Articles of Incorporation of your current business so that we can see your business is real and in existence.
5. The languaging that will be used on posting your SBLC - for instance, the name of issuing bank, city of the issuing bank ,irrevocable, unconditional and cash-backed, etc.
6. Sign a standard AML document to ensure the funds' source is not connected to drug monies or terrorism.
7. A business plan that our bank & financial partners can look at and approve you for the loan.
8. Once these documents have been provided, we will provide a term sheet.
9. Once the term sheet has been signed, we will assign a 3rd party fiduciary to the transaction. 
10. The instrument must be in the name of the 3rd party fiduciary. The fiduciary will shop the SBLC to multiple banks and identify which bank will give us the highest LTV (loan to value) and then have someone from the chosen back (example: HSBC) to connect to the borrower's bank to start the bank to bank transfer.
11. Once the instrument has been received, we will leverage the SBLC and, in 60 banking days or less, will provide the capital required for funding our client's project.