BG/SBLC Leasing | The Best Option To Get Your Project Funded
How to get private funding for your business?
As an entrepreneur, you should feel a sense of pride in launching a startup, but you can't expect your venture to take off unless it's adequately funded. Having enough working capital is critical to the success of your company.
If you've been on the lookout for funding for a startup or business project, you should realize that it's not easy to get funding to bring you to the next milestone. The challenge is that it's much harder to get your startup funded than it was in the past, simply because there are too many startups competing for the much-coveted funding. Further, investors are setting higher benchmarks for every startup because they want to make sure their capital is invested in a project that has a promising future, as a result of which, stats show that about 7 out of 10 entrepreneurs crash within the first 12 - 15 months of starting their venture, which makes up for 70% of all startups that fail, mainly due to the cash shortage.
Searching for funding for your startup or business project can often be a frustrating experience. This doesn't, however, mean that you're out of options to finance the growth of your company or get your project funded.
More capital and financial backing will almost inevitably be a necessity. If you need funding for your startup or business project, you've come to the right place. I'm a practicing lawyer with more than 8 years of experience in BG/SBLC leasing transactions and have a good connection with reputable BG/SBLC providers and financiers in the UK and USA. They'll design a solution that meets your specific business challenges and borrowing needs, and provide you with funding for a variety of projects worldwide. They're fully aware of the difficulties in obtaining a traditional loan for large projects and are therefore prepared to help entrepreneurs get project funding by way of BG/SBLC leasing. Once a BG/SBLC is issued, it's delivered to your receiving bank via the Swift protocol of MT760. If a leased BG/SBLC is fully utilized, it can be a perfect fit to get your business off the ground.
Upfront fees for the issuance of BG/SBLC
Upfront fees are always required for the issuance of a BG/SBLC. I've been approached by many potential applicants who asked me to help them get a BG/SBLC, but they refused to pay any upfront fees such as a transmission fee and issuance fee. I would say this is unrealistic. Imagine that if everyone didn't have to pay a penny but could still get a BG/SBLC with a face value of millions of US dollars, there would be no poor people in the world. On the other hand, how can you expect a BG/SBLC provider to pay a transmission fee and issuance fee for you in advance? Likewise, can you request your banker to pay the application fee for you in advance when you apply for a bank loan?
We all know that paying upfront fees is very risky, to safeguard your interest and ease your worries, any upfront fees will be placed in escrow with a law firm in Hong Kong.
BG/SBLC leasing - a financial tool used worldwide to raise funds
To get started, I need your executive summary (with the use of funds) and a business plan. If proved to be workable, I'll pass them on to a suitable BG/SBLC provider or financier who'll assess your specific needs and come up with a plan that matches the funding you need. It could be a business loan or a Banker’s Guarantee / Standby Letter of Credit ("BG/SBLC leasing at competitive leasing price") which is a financial tool used worldwide to raise funds, be it for monetization or simply as a payment guarantee. Project funding via BG/SBLC leasing has become very popular in the financial market, it appears that the trend will continue.
***The terms such as "BG/SBLC leasing" and "Leased BG/SBLC" are slang and wrong terms to use. The word "leasing" or "leased" in this respect is a misnomer as it's not possible to actually lease a BG/SBLC in this manner, and in effect no leasing takes place. I use the terms loosely simply because they're common phrases in the financial market.
For further information or any inquiries about project funding via BG/SBLC leasing, please feel free to contact me.