Non recourse loans are simply loans that you don't have to pay your financial service company back.  Monetizers leverage an instrument that you have and in exchange provide you with a non recourse loan.

If you have a standby letter of credit and need access to capital to expand your business or start a business, Line of Credit.AI can help.

For Non-Recourse Loans, what we offer:

• Leverage your standby letter of credit and put it into an investment instrument, and provide you with 50% of the profits (often its 100% of the face value of your standby letter of credit if the issuing bank is one of the top 20 banks and if the face value of your instrument is $100 million+)

Requirements & our Standard Process for both Recourse and Non-Recourse Loan:

1. A copy of your Standby Letter of Credit (SBLC) or any other instrument has a minimum face value of $10 million or more from any of the top 20 banks in the world.
2. KYC (Know Your Client Form)
3. A mutually signed Non-Disclosure Document so that your company information, Standby Letter of Credit/ Business needs are kept confidential.
4. Provide Proof of Funds via RWA (Ready Willing Able) letter or provide a Bank Comfort Letter or an Attestation Letter through an Attorney or a copy of your instrument (SBLC, BG, etc.) to your own company and provide SBLC's ISIN Number for authentication purposes.
5. Articles of Incorporation of your current business so that we can see your business is real and in existence.
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 7-60 banking days, will provide the capital required for funding your project.