Greetings, I am Michael Choi, a Hong Kong-based Solicitor with an educational background in the United Kingdom during the 1980s. With a successful career in Hong Kong's legal industry spanning over two decades, I take pride in serving multiple reputable law firms throughout my legal journey. Currently, I hold a senior position at a prestigious Hong Kong law firm. Despite my busy schedule, I am passionate about giving back to society and have been offering free legal advice to the public since 2011 to assist those who cannot afford legal representation.
I have a profound understanding of various trade finance products and extensive international trade experience. It has been my pleasure to guide and support those in need beyond my legal profession. As stock guru Warren Buffett once stated, "Look for three things in a person - Intelligence, Energy, and Integrity. If they don't have the last one, don't bother with the first two." This philosophy aligns with mine, and I always keep it in mind in everything I do.
Revolutionize Your Business Financing: Say Goodbye to Traditional Banks!
Small businesses are the lifeblood of our economy, fostering creativity and providing job prospects for many. However, starting and running a small business can be challenging, particularly when it comes to financing. Traditional lending institutions often deny loan applications from small businesses due to their lack of collateral or credit history.
Are you an entrepreneur seeking funding for your startup? You're not alone if you're struggling to secure financing from traditional banks due to a lack of profitability track record. Obtaining small business loans or lines of credit can be tough, especially with the growing competition for scarce funding. But don't let this discourage you from achieving your business objectives.
As an experienced lawyer based in Hong Kong, I can help you explore alternative financing options through a Bank Guarantee (BG)/Standby Letter of Credit (SBLC) — MT760. These bank instruments have become increasingly popular for financing small business projects, offering a viable alternative to traditional bank loans. With my expertise and resources, I can help you tap into my credible network of investors to secure the funding you need to get your business off the ground.
Launching a startup is an exhilarating journey, but it requires adequate funding to cover the costs of equipment, inventory, and marketing expenses. The availability of sufficient working capital is crucial for any business. With BGs or SBLCs, you can access the funds you need without the hassle of traditional bank loans. Let me help you take your business to the next level with this incredible loan option. Don't let a lack of funding hold you back from success.
Using Escrow for Upfront Fees
If you plan to apply for 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; I recommend an international law firm for maximum peace of mind. This way, you can ensure that the fee will only be released once all the terms and conditions are met.
Executive Summary and Business Plan for Due Diligence
To get started, please send me your executive summary and business plan, which should detail how you intend to use the funds, your business operations, goals, strategies, target market, financial projections, potential risks, and ability to manage debt responsibly. This will show potential providers that you clearly understand your business and have a solid plan for success. Once I receive your documents, I'll conduct due diligence to ensure everything checks out and forward your project details to a suitable provider. If the provider approves your application after a background check, you'll receive a Bank Guarantee or Standby Letter of Credit from Deutsche Bank via Swift protocol MT760 within a month or two. The application process is straightforward, and the MT799 is not required.
🏦💰 New Service: Debt Financing
Starting October 2023, I am thrilled to offer a debt financing option. Should you encounter difficulty securing a private monetizer to monetize your bank instrument, I can assist you in obtaining a business loan instead from a reputable lender. Please note that a BG is required as collateral for this process. This lender only accepts the BG provided by the investors within my network. My one-stop-shop approach lets you quickly obtain a business loan and the BG you need without the hassle of finding a reliable private monetizer. Don't wait any longer to get ahead of your finances - take advantage of my new debt financing service.
Remember, honesty is critical when it comes to your business's financial situation. Be transparent and establish trust with the investors and the lender to make securing funding for future projects a breeze.
To ensure successful and accurate completion of your transactions, it is important to carefully review the transaction procedures. Click here to access the necessary information.
If you have any questions or need additional information, don't hesitate to reach out to me using the form below.
Protect Your Assets and Minimize Fraud Risk with Escrow Services
What are Escrow Services?
Whenever you engage in a transaction involving assets or funds, it's essential to be aware of the potential fraud risks. 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, and commodities sales and purchases. 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.