Hey there! I'm Michael Choi, a Solicitor in Hong Kong. Back in the 80s, I had the privilege of studying in the United Kingdom, and since then, I've had an incredible journey serving multiple reputable law firms in Hong Kong. Currently, I hold a senior position at a prestigious law firm, and I absolutely love what I do!
But that's not all there is to me. I'm also passionate about using my legal expertise to help needy people. For the past decade, I've been offering free legal advice to those who can't afford representation, and it's been an incredibly fulfilling experience. But it doesn't stop there - thanks to my extensive knowledge of trade finance products and international trade experience, I've assisted individuals and companies in securing funding for their projects and business growth, extending beyond my legal profession.
Warren Buffett once said, "Intelligence, Energy, and Integrity are the three things to look for in a person. If they don't have the last one, don't bother with the first two." I couldn't agree more with this philosophy, and I always strive to embody these values in my work and personal life.
Small businesses are the backbone of our economy, and their growth and success are vital to the nation's progress. Yet, obtaining loans from traditional banks can be an uphill battle for small business owners, especially with strict collateral and credit history requirements. But fret not! I'm here to help you unlock the potential of your business with my revolutionary Bank Guarantee (BG)/Standby Letter of Credit (SBLC) leasing and monetization services.
My services allow you to lease a financial instrument, such as a BG or SBLC, from a reliable provider and convert it into legal currency through monetization. As an experienced lawyer in Hong Kong, I have access to a credible network of investors who can provide reliable financial instruments like BGs or SBLCs as collateral for your small business loan.
Say goodbye to the hassle of traditional bank loans and hello to hassle-free financing alternatives that could work for you. BG/SBLC leasing and monetization are viable options that cater specifically to small businesses and startups.
However, it is essential to note that BG/SBLC leasing for obtaining small business loans is not without risk. The borrower must ensure they choose a reliable provider with access to a banking network and can provide authentic financial instruments. Many fraudulent providers in the market offer fake BG/SBLC, which can result in legal and financial repercussions for the borrower.
Using Escrow for Upfront Fees
If you plan to lease a BG or SBLC, you might wonder about the upfront fees involved. Paying an upfront fee can be nerve-wracking. But don't worry; to protect your interests and ease your worries, you can place the upfront fee in escrow with the law firm of your choice in Europe to ensure that it will only be released once all the terms and conditions are met, providing you with maximum peace of mind.
Executive Summary and Business Plan for Due Diligence
To get started, all you need to do is send me your executive summary and business plan detailing how you intend to use the funds, your business operations, goals, strategies, target market, financial projections, potential risks, and ability to manage debt responsibly. I'll conduct the necessary due diligence to ensure everything checks out and forward your project details to a suitable BG/SBLC provider. If the provider approves your application after a background check, you'll receive a BG or SBLC from Deutsche Bank via Swift protocol.
BG/SBLC Monetization
After obtaining a leased BG or SBLC, the next step is to monetize it.
Monetization of bank instruments enables you to convert them into legal currency, giving you access to the funds represented by the bank instruments before their maturity date.
The Loan To Value (LTV) can vary and depends on factors such as the issuer bank rating, the face value of the instrument, the terms on which it was issued, and the verbiage of the MT760. It's also important to consider the time that has elapsed since the date the instrument was issued.
The monetizer I work with does not request upfront fees to monetize a BG or SBLC. If you're interested in my services, please provide the necessary documentation, including your CIS and Certificate of Incorporation, a copy of your BG or SBLC, and a letter from the issuing bank confirming its authenticity. I'll handle the corresponding verifications to ensure a smooth and hassle-free process.
🏦💰 New Service: Debt Financing
Exciting news! From October 2023, I'm introducing a debt financing option, enabling you to secure a business loan from a reputable lender with a BG as collateral. Please note that the lender only accepts BGs from providers in my network. With my one-stop-shop approach, you can obtain a business loan and the BG you need without hassle. Don't miss out on this new debt financing service, and take control of your finances.
Building trust with BG/SBLC providers, investors, monetizers, and lenders is essential for securing funding for future projects. So, be transparent and honest about your business's financial state.
If you have any questions or need additional information, please don't hesitate to contact me using the form below.
Protect Your Assets and Minimize Fraud Risk with Escrow Services
What are Escrow Services?
Today's digital era increases the likelihood of fraud and scams. Whenever you participate in a financial transaction, it is crucial to keep in mind the potential risk of fraud. Fortunately, there's a reliable and effective solution to mitigate these risks - escrow services. This process involves a neutral third party, known as the escrow agent, who acts as a custodian of the assets or funds until the contractual requirements agreed upon by both parties are fulfilled. Once the conditions are met, the escrow agent will release the assets or funds to the appropriate recipient. This means that the escrow agent will temporarily hold the assets or funds until all the conditions are met, ensuring that both parties' interests are protected.
Exploring the Benefits of Escrow Services
Escrow services offer numerous benefits, including increased security and protection for both parties involved in a business transaction. By using an escrow service, you can be confident that your transaction is fair, safe, and secure. Additionally, escrow services provide transparency, as all parties can track the transaction's progress, ensuring that everything proceeds according to the agreed-upon terms. By utilizing the services of a reliable escrow agent, you can rest assured that your transaction will be executed safely, securely, and transparently, providing you with the peace of mind you need to proceed confidently.
Escrow services in business transactions have become increasingly widespread in recent years. It's no surprise, given the myriad of benefits it offers. ESCROW SERVICES HAVE PROVEN VALUABLE TOOLS FOR SMALL BUSINESS OWNERS, from BG/SBLC leasing to project finance, trading activities, commodities sales and purchases, and real estate, where significant money is at stake. In addition, escrow can also serve as a Proof of Funds (POF) in situations where a purchaser wishes to assure a seller that they have sufficient funds to complete the transaction.
Protect Your Funds with Meticulously Crafted Escrow Agreements
Risk reduction is top of mind in any global transaction, and escrow services are safe and secure and always a smart way to reduce fraud risk and protect your assets. With over 25 years of experience as a senior lawyer and handling international commodity trading and financial transactions, I can assist you in developing an escrow structure that's customized to your specific needs and protects your funds throughout the entire escrow process.
Once my law firm is engaged to provide escrow services, it immediately establishes an escrow account. It then prepares a meticulously crafted escrow agreement, protecting your funds until the transaction is complete. Trust me to help you unlock the many benefits of using escrow services for your business transactions.
How Much Escrow Agent Fees Are Reasonable?
Securing your transactions with confidence requires the right escrow agent. While some may offer lower fees, it's crucial to consider the potential risks that come with it. Instead, opt for a reputable and experienced escrow agent who charges between 1% to 2% of the amount in escrow, which is considered reasonable. Their expertise and security measures are invaluable. Entrusting your funds to a trusted and professional escrow agent ensures protection against fraud, theft, and other risks. Don't take chances with your hard-earned money. Choose a professional escrow agent that provides the peace of mind you deserve. Contact me today to learn more.
If you're interested in learning more about my escrow services, please fill out the form below to get in touch. I'm here to help you safeguard your assets and minimize the risk of fraud.