SLS is proud to announce our new LC funding program..
SLS is proud to announce our new LC funding program.. We provide the standby letter of credit to you PPE manufacturer. You know longer have to tie up money for long periods of time waiting on product.
PPE & MEDICAL SUPPLY FUNDING USING LETTERS OF CREDIT
We provide financial support for your company to buy and sell PPE & Medical supply using our unique letter of credit funding solution.
ADVANTAGES:
- Fast Solution – Issuance within 48-72 hours once you are on board with us.
- No collateral, liens or personal guarantee are required.
- No need for corporate credit score – good for new companies as well.
- Increased level of protection.
COST: Funding Fees paid from the Cost of Goods paid PRIOR to the issuance based on percentage total LC.
GOOD FOR:
- CIF Transactions
- Down Payment Buyers
- Established business as well new business with no credit score
NOT GOOD FOR:
- FOB Transactions
- 100% payment in Escrow Buyers
- Cash Basis suppliers
PROCEDURE –EASY AS 1-2-3:
- Phase 1 – On Boarding – Opening file requires deposit.
- Phase 2 – Submitting Application for your transaction: Signed Application & CIS.
- Phase 3 – Execution – Payment of Funding Fees from the COG and LC issuance.
REMARKS:
- Funding Fees are sent to our US lawyer, who supervises the transaction.
- In case the LC will not be issued, funding fees are 100% refunded.