Category: Blog

What is the Difference Between a Letter of Credit and a Line of Credit?

Written by admin on May 25, 2021. Posted in Blog.

There is a fundamental difference between a Letter of Credit and a Line of Credit. A Letter of Credit is a financial instrument issued by a bank. A Line of Credit is a loan...

How can a Business Apply for a Line of Credit?

Written by admin on April 13, 2021. Posted in Blog.

What is a line of credit? It is in effect a loan offered by a bank or similar institution. It is not a straight loan credited to your account. It is an agreed amount set for...

How Can a Line of Credit be utilised?

Written by admin on April 12, 2021. Posted in Blog.

Once a line of credit has been approved funds can be drawn down immediately. As soon as a part or full drawdown is made a pre agreed interest rate will be charged. In some...

The Rules and Regulations Governing Bank Guarantees

Written by admin on April 1, 2021. Posted in Blog.

History Before concerning ourselves with the rules behind Bank Guarantees we need to discuss a bit of history. The International Chamber of Commerce (ICC) was set...

How Do Lines of Credit Assist in Loan Applications to Banks?

Written by admin on February 19, 2021. Posted in Blog.

Business loan applications are being rejected by banks on a global scale, and sadly they are pulling back from loan facilities in general. The banks can make bigger profits...

How do Companies Raise Lines of Credit?

Written by admin on February 18, 2021. Posted in Blog.

In current times, finding credit – through your bank or not, is becoming increasingly harder. The global pandemic, as well as change of legislation as a result of Brexit is...

This Blog Could Save Your Company

Written by admin on January 14, 2021. Posted in Blog.

This could be the most important blog you have ever read. Is you company in financial trouble? Are you suffering the financial effects of the Pandemic? Are your banks refusing...

What is a Standby Letter of Credit?

Written by admin on January 7, 2021. Posted in Blog.

Many companies ask us what is a Standby Letter of Credit and how it differs from a Bank Guarantee. We will answer the second half of the question first. A standby letter of...