A Standby Letter of Credit is an effective way to demonstrate your financial capability to a counterparty on a business deal. It enhances your credibility, and can often make the difference between a deal that gets done, and one that gets hung up for financial reasons.
Standby Letters of Credit (SBLC's) can support many personal and business transactions and can increase your ability to engage in business contracts with third parties. If you can issue an SBLC without tying up the capital that would normally back its issuance, you will have a competitive advantage.
At Jigsaw Capital, we are skilled at providing SBLC's wherein you are not required to put up the underlying capital.
Here are some of the uses of SBLC's:
Support the payment of financial obligations or contractual agreements
Optimize cash flow and liquidity
Maintain capital for other personal or business needs
Ease the establishment of new business relationships
They can be used to:
Free up company funds which might otherwise be tied up as deposits
Enhance your credit position
Take advantage of business opportunities
that might otherwise be missed
Serve in lieu of bid and performance bonds
To support advance payment and payment guarantees
In lieu of cash or security deposits for lease agreements
Bank guarantees and performance bonds are structured similarly, and we can provide instruments under those formats.
If any of these financial tools are of interest, call, email doug@jigsaw-capital.com, or complete the form below: